Zenith Energy Ltd Director/PDMR Shareholding (8126Z)

TIDMZEN

RNS Number : 8126Z

Zenith Energy Ltd

19 December 2017

December 19, 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 250,000 common shares of no par value in the capital of the Company ("Common Shares") at an average price of GBP0.07986 per Common Share.

Following this purchase, Mr. Cattaneo is directly beneficially interested in a total of 3,670,116 Common Shares representing 2.55 per cent of the Company's issued common share capital. As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 common shares, today representing 0.87 per cent of the Company's issued share capital.

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

   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 
        / person closely associated 
----  ------------------------------------------------------------- 
 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. 
----  --------------------------------  --------------------------- 
 b)    LEI                               213800AYTYOYD61S4569 
----  --------------------------------  --------------------------- 
 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                Common Shares 
        financial instrument, 
        type of instrument 
----  --------------------------------  --------------------------- 
       Identification code               CA98936C1068 
----  --------------------------------  --------------------------- 
 b)    Nature of the transaction         Purchase of Common 
                                          Shares 
----  --------------------------------  --------------------------- 
 c)    Price(s) and volumes(s)           Price(s)        Volume(s) 
----  --------------------------------  --------------  ----------- 
                                            GBP0.07965       100000 
 -------------------------------------  --------------  ----------- 
                                               GBP0.08       150000 
 -------------------------------------  --------------  ----------- 
 d)    Aggregated information            N/A (single transaction) 
----  --------------------------------  --------------------------- 
  Aggregated volume                       300000 
 -------------------------------------  --------------------------- 
  Aggregated price                       GBP0.07986 
 -------------------------------------  --------------------------- 
 e)    Date of the transaction           December 19, 
                                          2017 
----  --------------------------------  --------------------------- 
 f)    Place of the transaction          London Stock 
                                          Exchange 
----  --------------------------------  --------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 19, 2017 09:00 ET (14:00 GMT)