Trinity Exploration & Production Director/PDMR Shareholding (7343R)

TIDMTRIN

RNS Number : 7343R

Trinity Exploration & Production

25 September 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 Angus Winther, Non-Executive Director, made the following share purchase:

 
 Date purchased    Price    Volume(s) 
 25 September 
  2017             12.25p    408,163 
 

Following this purchase, Mr Winther is interested in 23,065,178 Ordinary shares in the Company representing 8.16 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                         Angus Winther 
----  --------------------------  ------------------------------------------ 
 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) 
----                               ----------------  ---------  ---------- 
    25 September 
     2017                                             408,163     12.25p 
   ------------------------------------------------  ---------  ---------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume         408,163 shares acquired at 
                               12.25p a share 
 
  - Price 
 
 e)    Date of the transaction     25 Septermber 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 
     Bruce Dingwall, Executive Chairman    240 3860 
     Jeremy Bridglalsingh, Chief 
     Financial Officer 
    SPARK Advisory Partners Limited       Tel: +44 (0) 203 
     (NOMAD & Financial Adviser)           368 3550 
     Mark Brady 
     Miriam Greenwood 
     James Keeshan 
    Cantor Fitzgerald Europe (Broker)     Tel: +44 (0) 207 
     David Porter                          894 7000 
     Sebastien Maurin 
 
    Whitman Howard Limited (Equity        Tel: +44 (0) 207 
     Advisor)                              659 1234 
     Nick Lovering 
    Walbrook PR Limited                   [e-mail] 
     Nick Rome                             or Tel: +44 (0) 207 
                                           933 8780 
 

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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September 25, 2017 09:33 ET (13:33 GMT)