Last checked at 16 Oct 2017 14:00
October 16, 2017
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Director/ PDMR Shareholding
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE), the dual listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that Andrea Cattaneo, the Chief Executive Officer of the Company, has today purchased a total of 500,000 common shares of no par value in the capital of the Company ("Common Shares") at an average price of £0.09415 pence per Common Share.
Following this purchase, Mr. Cattaneo now holds 3,338,616 Common Shares representing 2.54 per cent of the Common Shares in issue.
For further information, please contact:
Zenith Energy Ltd.
Andrea Cattaneo
Chief Executive Officer
Email: info@zenithenergy.ca
Telephone: +1 (587) 315 9031
Telefax: +1 (403) 775 4474
Allenby Capital Limited - (Joint Broker)
Nick Harriss
Nick Athanas
Richard Short
Telephone: + 44 (0) 203 328 5656
Optiva Securities - (Joint Broker)
Christian Dennis
Telephone: + 44 (0) 203 137 1903
Yellow Jersey (Financial PR/IR)
Tim Thompson
Telephone: +44 (0) 203 735 8825
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") | ||
a) | Name | Andrea Cattaneo | |
2 | Reason for the notification | ||
a) | Position/status |
Chief Executive Officer
| |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Zenith Energy Ltd. | |
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 | Common Shares of Zenith Energy Ltd. | |
| Identification Code | (ISIN) CA98936C1068 | ||
b) | Nature of the transaction | Purchase of common shares | |
c) | Aggregated information | Aggregated price | Aggregated volume |
£0.09415 pence per common share | 500,000 | ||
d) | |||
Currency | GBP - British Pound | ||
e) | Date of the transaction | October 16, 2017 | |
f) | Place of transaction | London Stock Exchange (LSE) | |