Serinus Energy PLC Issuance of Stock Options (1250N)

TIDMSENX

RNS Number : 1250N

Serinus Energy PLC

18 May 2020

18 May 2020

Press Release

Issuance of Stock Options

Jersey, Channel Islands, 18 May 2020 -- 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 1,750,000 share options to Mr. Andrew Fairclough, Chief Financial Officer of the Company, in accordance with his remuneration package, at a strike price of GBP0.09 per share. Under the Company's Long Term Incentive Plan, one third of the options will vest on the award date, with a further one third vesting on the first anniversary and one third vesting on the second anniversary, and will expire on the tenth anniversary.

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 
  Jeffrey Auld, Chief Executive Officer 
  Andrew Fairclough, Chief Financial Officer 
  Calvin Brackman, Vice President, External 
  Relations & Strategy                                 [phone] 
 
 WH Ireland Limited 
  (Nominated Adviser and Joint Broker) 
  Katy Mitchell 
  Harry Ansell (Broker) 
  Lydia Zychowska                                  [phone] 
 
 A rden Partners plc 
  (Joint Broker) 
  Paul Shackleton / Dan Gee-Summons (Corporate 
  Finance) 
  Fraser Marshall (Equity Sales)                  [phone] 
 
 
 Camarco 
  (Financial PR - London) 
  Billy Clegg 
  Owen Roberts                                    [phone] 
 
 TBT i Wspólnicy 
  (Financial PR - Warsaw) 
  Katarzyna Terej                                     [phone] 
 

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    Det ails of the person discharging m anagerial responsibilities 
       / person closely associated Reason for the notification 
 a)   Name                              Andrew Fairclough 
     --------------------------------  -------------------------------------------------- 
 2    Re ason for the notification 
     ------------------------------------------------------------------------------------ 
 a)   Position/status                  Chief Financial Officer 
     --------------------------------  -------------------------------------------------- 
 b)   I nitial notification            Initial notification 
       /Amendment 
     --------------------------------  -------------------------------------------------- 
 3    Det ails of the issuer, e mission allow ance m a rket participant, 
       auct ion plat for m, auctioneer or auc tion monitor 
     ------------------------------------------------------------------------------------ 
 a)   Na me                               Serinus Energy Plc 
     ----------------------------------  ------------------------------------------------ 
 b)   L E I                               549300W183KUX62DVI32 
     ----------------------------------  ------------------------------------------------ 
 4    Det ails of the t ransact ion(s): section to be re p eated 
       for ( i) e a ch type of instrum ent; (ii) each type of transac 
       tion; (iii) each date; and (iv) each place where transactions 
       have been conducted 
     -------------------------------------------------------------------------------------- 
 a)   De scription of the 
       financial instrument,                 Ordinary Shares of no par value 
       t ype of instrument 
 
                                             JE00BF4N9R98 
       I d e ntification 
       code 
     ----------------------------------  -------------------------------------------------- 
 b)   Na ture of the transa               Grant of options to senior executive 
       ction 
     ----------------------------------  -------------------------------------------------- 
 c)   Price(s) and 
       volume (s)               PDMR                Volume      Strike price (GBP) 
                                Andrew Fairclough   1,750,000        GBP0.09 
                                                   ----------  ------------------- 
     ---------------------  --------------------------------------------------------------- 
 d)     A ggr e g                  PDMR                 Volume      Total aggregate 
         ated in formation                                            value at strike 
                                                                      price (GBP) 
         - A ggr e                  Andrew Fairclough    1,750,000            157,500 
         g ated volume                                  ----------  ----------------- 
 
         - Price 
     ---------------------  --------------------------------------------------------------- 
 e)   Date of the            2 April 2020 
       transaction 
     ---------------------  --------------------------------------------------------------- 
 f)   Place of the           Off Market 
       transaction 
     ---------------------  --------------------------------------------------------------- 
 
 

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May 18, 2020 02:00 ET (06:00 GMT)