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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Caspian Sunrise Plc | LSE:CASP | London | Ordinary Share | GB00B1W0VW36 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.25 | 7.46% | 3.60 | 3.50 | 3.70 | 3.70 | 3.35 | 3.35 | 2,942,934 | 11:52:16 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 42.95M | 9.76M | 0.0043 | 8.49 | 82.14M |
From Apr 2019 to Apr 2024
TIDMCASP
RNS Number : 4049S
Caspian Sunrise plc
08 July 2020
Caspian Sunrise PLC
("Caspian Sunrise" or the "Company")
Directors dealings and salary & fee sacrifices
In order to support and preserve cash for the Company's drilling operations the Company's directors have agreed to subscribe for a total of 8,938,570 ordinary shares in the Company ("Consideration Shares") in lieu of a combination of accumulated pay, deferred pay and expenses.
Accordingly, the Company is pleased to announce the following directors will be allotted shares at 3.2p per share, being a premium of 5.3% to the 5 day volume weighted average mid-market price at the close of business on 6 July 2020.
Hot Features
Premium
Director Subscription Price per Total resultant Total
shares share (p) holding resultant
holding
%
Clive Carver 2,245,000 3.2 2,245,000 0.12
------------- ----------- ---------------- -----------
Kuat Oraziman 3,750,000 3.2 45,235,330 2.39
------------- ----------- ---------------- -----------
Edmund Limerick 1,481,583 3.2 7,911,583 0.42
------------- ----------- ---------------- -----------
Tim Field 1,461,987 3.2 1,461,987 0.08
------------- ----------- ---------------- -----------
The subscription of Kuat Oraziman is subject to prior UK regulatory approval from the Panel on Takeovers and Mergers due to the current shareholding of the Oraziman family. Should such approval be granted, the shareholding of the Oraziman family will increase from 829,879,449 shares representing 44.1% of the Company's issued share capital to 833,629,449 shares representing 44.0%. A further announcement will be made upon confirmation of such approvals.
Following the above transactions the board and connected parties will own 845,836,925 shares representing 44.7% of the Company's issued share capital.
Shares in issue
Application will made to London Stock Exchange for 5,188,570 ordinary shares (being the Consideration Shares less those due to Kuat Oraziman) to be admitted to trading on AIM ("Admission") and dealings in the new ordinary shares are expected to commence on or around 14 July 2020. The Consideration Shares will, when issued, rank pari passu in all respects, and carry the same rights as the existing Ordinary Shares. Following Admission the total number of ordinary shares in issue will be 1,887,849,455.
The Consideration Shares due to Kuat Oraziman will be allotted and admitted to trading on AIM following confirmation of the necessary approvals as noted above, at which point a further announcement will be made.
Caspian Sunrise PLC
Clive Carver
Executive Chairman +7 727 375 0202
WH Ireland, Nominated Adviser & Broker
James Joyce +44 (0) 207 220 1666
James Sinclair-Ford
This announcement has been posted to:
www.caspiansunrise.com/investors
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Clive Carver
-------------------------------------- ----------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Executive Chairman
-------------------------------------- ----------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Caspian Sunrise PLC
-------------------------------------- ----------------------------------
b) LEI 213800ODCON58VWIRS18
-------------------------------------- ----------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code GB00B1W0VW36
b) Nature of the transaction Subscription in lieu of pay
-------------------------------------- ----------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Purchase 3.2 pence 2,245,000
Transfer Purchase
-------------------------------------------------------- --------------
d) Aggregated information
- Aggregated volume 2,245,000
- Aggregated Price GBP71,840
e) Date of the transaction 7 July 2020
-------------------------------------- ----------------------------------
f) Place of the transaction Off exchange
-------------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Edmund Limerick
-------------------------------------- ---------------------------------------
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 Caspian Sunrise PLC
-------------------------------------- ---------------------------------------
b) LEI 213800ODCON58VWIRS18
-------------------------------------- ---------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code GB00B1W0VW36
b) Nature of the transaction Subscription in lieu of fees and
expenses
-------------------------------------- ---------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Purchase 3.2 pence 1,481,583
Transfer Purchase
----------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume 1,481,583
- Aggregated Price GBP47,410.64
e) Date of the transaction 7 July 2020
-------------------------------------- ---------------------------------------
f) Place of the transaction Off exchange
-------------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tim Field
-------------------------------------- ---------------------------------------
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 Caspian Sunrise PLC
-------------------------------------- ---------------------------------------
b) LEI 213800ODCON58VWIRS18
-------------------------------------- ---------------------------------------
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 Ordinary Shares of 1p each
financial instrument,
type of instrument
Identification code GB00B1W0VW36
b) Nature of the transaction Subscription in lieu of fees and
expenses
-------------------------------------- ---------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Purchase 3.2 pence 1,461,987
Transfer Purchase
----------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume 1,461,987
- Aggregated Price GBP46,783.58
e) Date of the transaction 7 July 2020
-------------------------------------- ---------------------------------------
f) Place of the transaction Off exchange
-------------------------------------- ---------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHGCGDRSUGDGGI
(END) Dow Jones Newswires
July 08, 2020 05:57 ET (09:57 GMT)
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