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25 Aug 2017 07:00
Trinity Exploration & Production plc
("Trinity" or the "Company")
Director/PDMR shareholding
Trinity (AIM: TRIN), the leading independent E&P company focused on Trinidad and Tobago, announces that James Menzies, Non-Executive Director, made the following share purchase:
Date purchased | Price | Volume(s) |
24 August 2017 | 11p | 250,000 |
Following this purchase, Mr Menzies is interested in 500,000 Ordinary shares in the Company representing 0.18 per cent of the issued share capital (voting rights), of the Company as per the following table:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
James Menzies | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-Executive Director | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Trinity Exploration & Production plc | ||||
b)
| LEI
| N/A | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares of USD 0.01 per share par value
| ||||
Identification code | GB00B8JG4R91 | |||||
| ||||||
b)
| Nature of the transaction
| Acquisition of shares | ||||
c)
| Price(s) and volume(s) |
|
|
|
| |
| Date purchased | Price(s) | Volume(s) |
| ||
| 24 August 2017 | 250,000 | 11p |
| ||
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|
|
| |||
d)
| Aggregated information | |||||
- Aggregated volume | 250,000 shares acquired at 11p a share | |||||
- Price | ||||||
e)
| Date of the transaction
| 24 August 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
For further information please visit: www.trinityexploration.com or contact:
Trinity Exploration & Production | Tel: +44 (0) 131 240 3860 |
Bruce Dingwall, Executive Chairman |
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Tracy Mackenzie, Head of Corporate Development |
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SPARK Advisory Partners Limited (Nominated & Financial Adviser) | Tel: +44 (0) 203 368 3550 |
Mark Brady |
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Miriam Greenwood |
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Sean Wyndham-Quin |
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Cantor Fitzgerald Europe (Broker) | Tel: +44 (0) 207 894 7000 |
David Porter |
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Sebastien Maurin |
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Craig Francis |
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Walbrook PR Limited | trinityexploration@walbrookpr.com or Tel: +44 (0) 207 933 8780 |
Nick Rome |
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About Trinity
Trinity is an independent oil and gas exploration and production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2016 was 21.3 mmbbls (excluding the Guapo-1 license which was disposed of in April 2016). Group 2C contingent resources are estimated to be 21.1 mmbbls. The Group's overall 2P plus 2C volumes are therefore 42.3 mmbbls.
Trinity is quoted on the AIM market of the London Stock Exchange under the ticker TRIN.
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