14 Jul 2020 17:02
Capitalised terms have the same meaning as the Company's announcement released on 08/07/2020 unless the context dictates.
Caspian Sunrise PLC
("Caspian Sunrise" or the "Company")
Directors dealings and salary & fee sacrifices
Further to the Company's announcement Wednesday 8th July 2020, Caspian Sunrise has received confirmation that the 3,750,000 ordinary shares due to Kuat Oraziman in lieu of pay, (as outlined in such announcement), can be issued.
Shares in issue
Further to the announcement of Wednesday 8th July 2020, application will made to London Stock Exchange for the total 8,938,570 Consideration Shares to be admitted to trading on AIM ("Admission") and dealings in the new ordinary shares are expected to commence on or around 20 July 2020. The Consideration Shares will, when issued, rank pari passu in all respects, and carry the same rights as the existing Ordinary Shares. Following Admission the total number of ordinary shares in issue will be 1,891,599,455. This figure of 1,891,599,455 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Caspian Sunrise PLC
Clive Carver
Executive Chairman +7 727 375 0202
WH Ireland, Nominated Adviser & Broker
James Joyce +44 (0) 207 220 1666
James Sinclair-Ford
This announcement has been posted to:
www.caspiansunrise.com/investors
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Kuat Oraziman | |||
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
| Caspian Sunrise PLC | |||
b)
| LEI
| 213800ODCON58VWIRS18 | |||
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 1p each | |||
Identification code | GB00B1W0VW36 | ||||
b)
| Nature of the transaction
| Subscription in lieu of pay | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Purchase | 3.2 pence | 3,750,000 | |||
Transfer Purchase |
| ||||
d)
| Aggregated information | ||||
- Aggregated volume | 3,750,000 | ||||
- Aggregated Price | £120,000 | ||||
e)
| Date of the transaction
| 14 July 2020 | |||
f)
| Place of the transaction | Off exchange | |||
Caspian Sunrise (CASP)