Zenith Energy Ltd Director/PDMR Shareholding (7199T)

TIDMZEN

RNS Number : 7199T

Zenith Energy Ltd

16 October 2017

October 16, 2017

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Director/ PDMR Shareholding

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE), the dual listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that Andrea Cattaneo, the Chief Executive Officer of the Company, has today purchased a total of 500,000 common shares of no par value in the capital of the Company ("Common Shares") at an average price of GBP0.09415 pence per Common Share.

Following this purchase, Mr. Cattaneo now holds 3,338,616 Common Shares representing 2.54 per cent of the Common Shares in issue.

For further information, please contact:

Zenith Energy Ltd.

Andrea Cattaneo

Chief Executive Officer

Email: [e-mail]

   Telephone:     [phone] 
   Telefax:           [phone] 

Allenby Capital Limited - (Joint Broker)

Nick Harriss

Nick Athanas

Richard Short

   Telephone:   + 44 (0) 203 328 5656 

Optiva Securities - (Joint Broker)

Christian Dennis

Telephone: + 44 (0) 203 137 1903

Yellow Jersey (Financial PR/IR)

Tim Thompson

Telephone: [phone]

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 
        ("PDMR") / person closely associated 
        with them ("PCA") 
----  ------------------------------------------------------------ 
 a)    Name                              Andrea Cattaneo 
----  --------------------------------  -------------------------- 
 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                              Zenith Energy 
                                          Ltd. 
----  --------------------------------  -------------------------- 
 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                    Common Shares 
        the financial                     of Zenith Energy 
        instrument, type                  Ltd. 
        of instrument 
----  --------------------------------  -------------------------- 
       Identification                    (ISIN) CA98936C1068 
        Code 
----  --------------------------------  -------------------------- 
 b)    Nature of the                     Purchase of common 
        transaction                       shares 
----  --------------------------------  -------------------------- 
 c)    Aggregated information            Aggregated     Aggregated 
                                          price          volume 
----  --------------------------------  -------------  ----------- 
                                           GBP0.09415 
                                                pence 
                                           per common 
                                                share      500,000 
  ---------------------------------------------------  ----------- 
 
 d)    Currency                          GBP - British 
                                          Pound 
----  --------------------------------  -------------------------- 
 e)    Date of the transaction           October 16, 2017 
----  --------------------------------  -------------------------- 
 f)    Place of transaction              London Stock 
                                          Exchange (LSE) 
----  --------------------------------  -------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFFWFEMFWSEIS

(END) Dow Jones Newswires

October 16, 2017 09:00 ET (13:00 GMT)