Last checked at 9 Sep 2021 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
September 9, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Granting of Stock Options
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has granted a total of 13,882,232 stock options (the "Options") to certain Directors and employees of the Company in accordance with the Company's Stock Option Plan.
The Options will have an exercise price of NOK 0.125 per Option (approximately equivalent to £0.01). The Options are fully vested and have the duration of five years from the date of granting.
Further Information:
Zenith Energy Ltd | |
Andrea Cattaneo, Chief Executive Officer | Tel: +1 (587) 315 9031 |
E-mail: info@zenithenergy.ca | |
Allenby Capital Limited - Financial Adviser & Broker | |
Nick Harriss Nick Athanas | Tel: + 44 (0) 203 328 5656 |
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 seize value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.
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 |
Options to acquire common shares of no par value in Zenith Energy Ltd.
|
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| Identification code | CA98936C1068 |
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b) | Nature of the transaction | Grant of Stock Options |
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c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
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NOK 0.125 | 8,329,340
|
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d) | Date of the transaction(s) | September 9, 2021 |
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e) | Place of the transaction | Off Market |
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1 | Details of the person discharging managerial responsibilities / person closely associated |
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a) | Name | Luca Benedetto |
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2 | Reason for the notification |
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a) | Position/status | Chief Financial Officer, Executive Director |
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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 |
Options to acquire common shares of no par value in Zenith Energy Ltd.
|
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| Identification code | CA98936C1068 |
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b) | Nature of the transaction | Grant of Stock Options |
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c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
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NOK 0.125 | 2,776,446
|
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d) | Date of the transaction(s) | September 9, 2021 |
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e) | Place of the transaction | Off Market |
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