Last checked at 31 Jan 2022 16:52
January 31, 2022
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Director/ PDMR Shareholding
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international energy production and development company, is pleased to announce that its Chief Executive Officer, Mr. Andrea Cattaneo, has notified the Company that he has today purchased a total of 39,029,728 common shares of no par value ("Common Shares") in the capital of the Company at a price of £0.0825 per Common Share (equivalent to approximately NOK 0.10).
Following the dealing, Mr. Cattaneo is directly beneficially interested in a total of 102,468,240 common shares in the capital of the Company, representing 5.47 percent of the total issued and outstanding common share capital of the Company.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Further Information:
Zenith Energy Ltd Andrea Cattaneo, Chief Executive Officer | Tel: +1 (587) 315 9031 E: info@zenithenergy.ca |
Allenby Capital Limited - Financial Adviser & Broker Nick Harriss Nick Athanas | Tel: + 44 (0) 203 328 5656 |
Celicourt Communications (Financial PR) Mark Antelme Jimmy Lea | Tel: +44 (0) 208 434 2643 E: zenithenergy@celicourt.uk
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Notes to Editors:
Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly complete value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.
Follow us on LinkedIn: https://www.linkedin.com/company/zenith-energy-limited/
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 |
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a) | Name | Andrea Cattaneo |
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2 | Reason for the notification |
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a) | Position/status | Chief Executive Officer & President |
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b) | Initial notification/Amendment | Initial Notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) | Name | Zenith Energy Ltd. |
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b) | LEI | 213800AYTYOYD61S4569 |
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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 |
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a) | Description of the financial instrument, type of instrument |
Common Shares of No Par Value
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| Identification code | CA98936C1068 |
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b) | Nature of the transaction | Purchase of Common Shares |
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c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
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£0.0825 | 39,029,728 |
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d) | Date of the transaction(s) | January 31, 2022 |
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e) | Place of the transaction | Off Market |
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