Last checked at 19 Dec 2017 14:00
December 19, 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 250,000 common shares of no par value in the capital of the Company ("Common Shares") at an average price of £0.07986 per Common Share.
Following this purchase, Mr. Cattaneo is directly beneficially interested in a total of 3,670,116 Common Shares representing 2.55 per cent of the Company's issued common share capital. As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 common shares, today representing 0.87 per cent of the Company's issued share capital.
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
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 / person closely associated | ||
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. | |
b) | LEI | 213800AYTYOYD61S4569
| |
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 | |
| Identification code | CA98936C1068 | |
b) | Nature of the transaction | Purchase of Common Shares | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.07965 | 100000 | ||
|
| £0.08 | 150000 |
d) | Aggregated information | N/A (single transaction) | |
| Aggregated volume | 300000 | |
| Aggregated price | £0.07986 | |
e) | Date of the transaction | December 19, 2017 | |
f) | Place of the transaction | London Stock Exchange
| |