Trinity Exploration & Production PDMR Dealings (0716U)

TIDMTRIN

RNS Number : 0716U

Trinity Exploration & Production

12 January 2017

For immediate release: 12 January 2017

Trinity Exploration & Prodcuction plc

("Trinity" or 'the Group' or "the Company")

PDMR Dealings

Trinity (AIM: TRIN), the leading independent E&P company focused on Trinidad and Tobago, announces that Bruce Dingwall, Executive Chairman, purchased 6,400,000 Placing Shares at the Placing Price.

Following this transaction, Mr Dingwall is interested in 12,215,498 Ordinary shares in the Company representing 4.32% per cent of the issued share capital (voting rights), of the Company as per the following table:-

 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                                            Bruce Dingwall 
2    Reason for the notification 
a)   Position/status                                                 Executive Chairman 
b)   Initial notification /Amendment                                 Initial 
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
a)   Name                                                            Trinity Exploration & Production plc 
b)   Legal Entity Identifier                                         N/A 
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 USD 0.01 per share par value 
 
      Identification code                                             GB00B8JG4R91 
b)   Nature of the transaction                                       Purchase 
c)   Currency                                                        GBP 
d)   Price(s) and volume(s)                                          Price(s)                 Volume(s) 
                                                                     0.0498                   6,400,0000 
e)   Aggregated information 
      - Aggregated volume                                              6,400,000 
      - Aggregated price                                               GBP318,720 
      - Aggregated total                                               GBP318,720 
f)   Date of the transaction                                         11.01.2017 
g)   Place of the transaction                                        London Stock Exchange, AIM 
 

*-ends*-

For further information please visit: www.trinityexploration.com or contact:

 
 
   Trinity Exploration & Production       Tel: +44 (0) 
   Bruce Dingwall, Executive Chairman     131 240 3860 
   Tracy Mackenzie, Head of Corporate 
   Development 
 SPARK Advisory Partners Limited        Tel: +44 (0) 
  (Nominated & Financial Adviser)        203 368 3550 
  Mark Brady 
  Miriam Greenwood 
  Sean Wyndham-Quin 
 Cantor Fitzgerald Europe (Broker)      Tel: +44 (0) 
  David Porter                           207 894 7000 
  Sebastien Maurin 
  Craig Francis 
 

About Trinity

Trinity is an independent oil and gas exploration and production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2015 was 20.9 MMbbls (excluding the Guapo-1 license which was disposed of in April 2016). Group 2C contingent resources are estimated to be 19.8 MMbbls. The Group's overall 2P plus 2C volumes are therefore 40.7 MMbbls.

Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 12, 2017 11:34 ET (16:34 GMT)