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CERP Columbus Energy Resources Plc

1.825
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Columbus Energy Resources Plc LSE:CERP London Ordinary Share GB00BDGJ2R22 ORD 0.05P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.825 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Columbus Energy Resources PLC Director/PDMR Shareholding (5287D)

20/02/2020 7:00am

UK Regulatory


Columbus Energy Resources (LSE:CERP)
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From Mar 2019 to Mar 2024

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TIDMCERP

RNS Number : 5287D

Columbus Energy Resources PLC

20 February 2020

20 February 2020

COLUMBUS ENERGY RESOURCES PLC

("Columbus" or the "Company")

Director/PDMR Shareholdings

Columbus, the oil and gas producer and explorer focused on onshore Trinidad and Suriname, with the ambition to grow in South America, announces that further to the "Corporate Presentation, Issue of Equity and TVR" announcement released at 7.00 a.m. on 13 February 2020 with RNS Number: 8288C, the 15,169,886 Executive Management Shares issued to certain Directors and Executive Managers in lieu of salaries under Executive Salary Scheme were admitted to trading on AIM today along with the 9,500,000 Contractor Shares.

The Company expects that the Executive Management Shares will, for accounting purposes, be issued at a price of 2.27p per share to the following Directors and Senior Managers of Columbus such price being equal to the closing share price on the day before issuance. The number of Executive Management Shares issued, as set out below, was calculated using a fixed share price therefore the timing of issuance of Executive Management Shares is not relevant to the number of Remuneration Shares issued.

 
 Director / PDMR     New Ordinary Shares   Number of Ordinary   % of Enlarged 
  name                issued                Shares currently     Issued Share Capital 
                                            held 
 Leo Koot            12,437,930            700,000              1.5% 
                    --------------------  -------------------  ---------------------- 
 Gelco Energy Inc    2,731,956             5,916,803            0.99% 
                    --------------------  -------------------  ---------------------- 
 

The relevant Executive Management members have stated that they have no intention of selling the Executive Management Shares in the near future.

The information contained in Appendix 1 below is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

The defined terms used in this announcement have the same meaning as ascribed to them in the "Corporate Presentation, Issue of Equity and TVR" announcement released at 7.00 a.m. on 13 February 2020 with RNS Number: 8288C

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Contact Information

 
 Columbus Energy Resources plc 
  Leo Koot / Gordon Stein / Tony Hawkins     +44 (0)20 7203 2039 
 VSA Capital Limited 
  Financial Adviser and Broker 
  Andrew Monk / Andrew Raca                  +44 (0)20 3005 5000 
 Beaumont Cornish Limited 
  Nominated Adviser 
  Roland Cornish / Rosalind Hill Abrahams    +44 (0)20 7628 3396 
 
 

Notes to Editors:

Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad and Suriname. In Trinidad, the Columbus Energy group has five producing fields, one appraisal/development project and a highly prospective exploration portfolio in the South West Peninsula ("SWP"), which lies in the extreme southwest of Trinidad and consists of stacked shallow and deep prospects. In Suriname, the Company has recently secured an onshore appraisal/development project. Columbus aims to create transformational growth by developing its portfolio in a capital efficient and disciplined manner.

Columbus is guided by the following core values; safe and sustainable, stronger together, creative excellence, positive energy, totally trusted and personally responsible.

The Company is led by an experienced Board and senior management team with supportive shareholders and intends on leveraging its expertise and experience to build an attractive and diversified portfolio of assets across South America in order to build an oil production led South American exploration business.

To find out more, visit www.columbus-erp.com or follow us on Twitter @Columbus_ERP .

Appendix 1 - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

 
 1    Details of t he p erson disc harging managerial responsib 
       ilities / p erson closely associated 
 a)   Name                        Leo Koot 
     --------------------------  --------------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------- 
 a)   Position / status           Executive Chairman 
     --------------------------  --------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  --------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a 
       r k et participan t, au ct ion plat for m, au ction 
       eer or auc tion monitor 
     ------------------------------------------------------------------- 
 a)   Name                        Columbus Energy Resources plc 
     --------------------------  --------------------------------------- 
 b)   LEI                         213800WBO186NYERMZ91 
     --------------------------  --------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re 
       p eated for ( i) e a ch type of instr u m e n t; (ii) 
       each type of transac tion; (iii) each date; and ( iv) 
       each place w h ere transactions have b een condu cted 
     ------------------------------------------------------------------- 
 a)   Description of the          Ordinary Shares of 0.05p each 
       financial instrument,       ISIN: GB00BDGJ2R22 
       t ype of instrument 
       I d entification 
       code 
     --------------------------  --------------------------------------- 
      Nature of the transaction   Issue of Shares under Executive Salary 
                                   Scheme 
     --------------------------  --------------------------------------- 
      Price(s) and volumes(s)       Price(s)   Volumes(s) 
                                     2.27p      12,437,930 
                                               ----------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information      N/A 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     2020-02-20 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------- 
 
 
 1    Details of t he p erson disc harging managerial responsib 
       ilities / p erson closely associated 
 a)   Name                        Gelco Energy Inc 
     --------------------------  --------------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------- 
 a)   Position / status           Managing Director, Trinidad 
     --------------------------  --------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  --------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a 
       r k et participan t, au ct ion plat for m, au ction 
       eer or auc tion monitor 
     ------------------------------------------------------------------- 
 a)   Name                        Columbus Energy Resources plc 
     --------------------------  --------------------------------------- 
 b)   LEI                         213800WBO186NYERMZ91 
     --------------------------  --------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re 
       p eated for ( i) e a ch type of instr u m e n t; (ii) 
       each type of transac tion; (iii) each date; and ( iv) 
       each place w h ere transactions have b een condu cted 
     ------------------------------------------------------------------- 
 a)   Description of the          Ordinary Shares of 0.05p each 
       financial instrument,       ISIN: GB00BDGJ2R22 
       t ype of instrument 
       I d entification 
       code 
     --------------------------  --------------------------------------- 
      Nature of the transaction   Issue of Shares under Executive Salary 
                                   Scheme 
     --------------------------  --------------------------------------- 
      Price(s) and volumes(s)       Price(s)   Volumes(s) 
                                     2.27p      2,731,956 
                                               ----------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information      N/A 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     2020-02-20 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------- 
 

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

DSHVKLFFBLLXBBD

(END) Dow Jones Newswires

February 20, 2020 02:00 ET (07:00 GMT)

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