Trinity Exploration & Production Director/PDMR Shareholding (9544O)

TIDMTRIN

RNS Number : 9544O

Trinity Exploration & Production

25 August 2017

Trinity Exploration & Production plc

("Trinity" or the "Company")

Director/PDMR shareholding

Trinity (AIM: TRIN), the leading independent E&P company focused on Trinidad and Tobago, announces that James Menzies, Non-Executive Director, made the following share purchase:

 
 Date purchased    Price   Volume(s) 
 24 August 
  2017              11p     250,000 
 

Following this purchase, Mr Menzies is interested in 500,000 Ordinary shares in the Company representing 0.18 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                         James Menzies 
----  --------------------------  ------------------------------------------ 
 2     Reason for the notification 
----  ---------------------------------------------------------------------- 
 a)    Position/status             Non-Executive Director 
----  --------------------------  ------------------------------------------ 
 b)    Initial notification        Initial Notification 
        /Amendment 
----  --------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ---------------------------------------------------------------------- 
 a)    Name                        Trinity Exploration & Production 
                                    plc 
----  --------------------------  ------------------------------------------ 
 b)    LEI                         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              Ordinary shares of USD 0.01 
        the financial               per share par value 
        instrument, type 
        of instrument 
---- 
 
       Identification              GB00B8JG4R91 
        code 
 
 b)    Nature of the               Acquisition of shares 
        transaction 
----  --------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
----                               ---------------------------  ---------- 
                                    Date purchased    Price(s)   Volume(s) 
----                               ----------------  ---------  ---------- 
    24 August 
     2017                                             250,000       11p 
   ------------------------------------------------  ---------  ---------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume         250,000 shares acquired at 
                               11p a share 
 
  - Price 
 
 e)    Date of the transaction     24 August 2017 
----  --------------------------  ------------------------------------------ 
 f)    Place of the transaction    London Stock Exchange, AIM 
----  --------------------------  ------------------------------------------ 
 

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

 
 Trinity Exploration & Production     Tel: +44 (0) 131 
                                       240 3860 
 Bruce Dingwall, Executive Chairman 
 Tracy Mackenzie, Head of Corporate 
  Development 
 
 SPARK Advisory Partners Limited      Tel: +44 (0) 203 
  (Nominated & Financial Adviser)      368 3550 
 Mark Brady 
 Miriam Greenwood 
 Sean Wyndham-Quin 
 
 Cantor Fitzgerald Europe (Broker)    Tel: +44 (0) 207 
                                       894 7000 
 David Porter 
 Sebastien Maurin 
 Craig Francis 
 
 Walbrook PR Limited                  [e-mail] 
                                       or Tel: +44 (0) 
                                       207 933 8780 
 Nick Rome 
 
 

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 2016 was 21.3 mmbbls (excluding the Guapo-1 license which was disposed of in April 2016). Group 2C contingent resources are estimated to be 21.1 mmbbls. The Group's overall 2P plus 2C volumes are therefore 42.3 mmbbls.

Trinity is quoted 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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August 25, 2017 02:00 ET (06:00 GMT)