Serinus Energy PLC Director Dealing - Issue of Stock Options (4391J)

TIDMSENX

RNS Number : 4391J

Serinus Energy PLC

04 December 2018

SERINUS ENERGY PLC

Director Dealing - Issue of Stock Options

Jersey, Channel Islands, December 4, 2018 -- Serinus Energy plc ("Serinus", "SEN" or the "Company") (AIM:SENX, WSE:SEN), announces that the Company's Board of Directors have approved the granting of 6,203,000 stock options to senior executives and staff employees of the of the Company at a strike price of GBP0.1475 per share option. Certain persons discharging managerial responsibilities were recipients of stock option as detailed at the end of this announcement.

About Serinus

Serinus is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania.

For further information, please refer to the Serinus website (www.serinusenergy.com) or contact the following:

   Serinus Energy plc                                                     [phone] 

Jeffrey Auld, Chief Executive Officer

Calvin Brackman, Vice President, External Relations & Strategy

   Numis Securities Limited                                           [phone] 

(Nominated Adviser and Joint Broker)

John Prior

Paul Gillam

Ben Stoop

   GMP FirstEnergy                                                        [phone] 

(Joint Broker)

Hugh Sanderson

Jonathan Wright

   Camarco                                                                     [phone] 

(Financial PR - London)

Billy Clegg

Owen Roberts

   TBT i Wspólnicy                                                         [phone] 

(Financial PR - Warsaw)

Piotr Talarek

Translation: This news release has been translated into Polish from the English original.

Forward-looking Statements This release may contain forward-looking statements made as of the date of this announcement with respect to future activities that either are not or may not be historical facts. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable as of the date hereof, any potential results suggested by such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors that could impair or prevent the Company from completing the expected activities on its projects include that the Company's projects experience technical and mechanical problems, there are changes in product prices, failure to obtain regulatory approvals, the state of the national or international monetary, oil and gas, financial , political and economic markets in the jurisdictions where the Company operates and other risks not anticipated by the Company or disclosed in the Company's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties and actual results may vary materially from those expressed in the forward-looking statement. The Company undertakes no obligation to revise or update any forward-looking statements in this announcement to reflect events or circumstances after the date of this announcement, unless required by law.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated Reason for the notification 
 a)   Name                                    Jeffrey Auld 
                                               Tracy Heck 
                                               Calvin Brackman 
                                               Alexandra Damascan 
     --------------------------------------  --------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------- 
 a)   Position/status                         Jeffrey Auld (Chief Executive Officer) 
                                               Tracy Heck (Chief Financial Officer) 
                                               Calvin Brackman (VP, External Relations 
                                               & Strategy) 
                                               Alexandra Damascan (President, Serinus Energy 
                                               Romania) 
     --------------------------------------  --------------------------------------------------- 
 b)   Initial notification                     Initial Notification 
       /Amendment 
     --------------------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------------------- 
 a)   Name                                      Serinus Energy Plc 
     ----------------------------------------  ------------------------------------------------- 
 b)   LEI                                       549300W183KUX62DVI32 
     ----------------------------------------  ------------------------------------------------- 
 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 
       financial instrument,                       Ordinary Shares of no par value 
       type of instrument 
 
                                                   JE00BF4N9R98 
       Identification code 
     ----------------------------------------  --------------------------------------------------- 
 b)   Nature of the transaction                 Grant of options to senior executives 
     ----------------------------------------  --------------------------------------------------- 
 c)   Price(s) and 
       volume(s)                      PDMR                  Volume      Strike price (GBP) 
                                      Jeffrey Auld          2,500,000         0.1475 
                                                           ----------  ------------------- 
                                      Tracy Heck            2,200,000         0.1475 
                                                           ----------  ------------------- 
                                      Calvin Brackman         700,000         0.1475 
                                                           ----------  ------------------- 
                                      Alexandra Damascan      230,000         0.1475 
                                                           ----------  ------------------- 
     ---------------------------  ---------------------------------------------------------------- 
 d)     Aggregated                       PDMR                  Volume      Total aggregate 
         information                                                         value at strike 
                                                                             price (GBP) 
          *    Aggregated volume          Jeffrey Auld          2,500,000            368,750 
                                                               ----------  ----------------- 
                                          Tracy Heck            2,200,000            324,500 
                                                               ----------  ----------------- 
          *    Price                      Calvin Brackman         700,000            103,250 
                                                               ----------  ----------------- 
                                          Alexandra Damascan      230,000             33,925 
                                                               ----------  ----------------- 
     ---------------------------  ---------------------------------------------------------------- 
 e)   Date of the                  03 December 2018 
       transaction 
     ---------------------------  ---------------------------------------------------------------- 
 f)   Place of the                 Off Market 
       transaction 
     ---------------------------  ---------------------------------------------------------------- 
 
 

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END

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December 04, 2018 12:00 ET (17:00 GMT)