Trinity Exploration & Production Director/PDMR Shareholding (8257B)

TIDMTRIN

RNS Number : 8257B

Trinity Exploration & Production

11 June 2019

Trinity Exploration & Production plc

("Trinity" or 'the Group' or "the Company")

PDMR Dealings

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, announces that Nick Clayton, senior independent non-executive director, purchased 100,000 shares in the Company at a price of 11.615p per share.

Following this transaction, Mr Clayton is interested in 100,000 Ordinary shares in the Company representing 0.026% per cent of the issued share capital (voting rights), of the Company as per the following table:

 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                                           Nick Clayton 
2    Reason for the notification 
a)   Position/status                                                Senior Independent Non-Executive Director 
b)   Initial notification /Amendment                                Initial 
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
a)   Name                                                           Trinity Exploration & Production plc 
b)   Legal Entity Identifier                                        213800WHW7571LAEDG63 
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, type of instrument    Ordinary shares of USD 0.01 per share par value 
      Identification code                                            GB00B8JG4R91 
b)   Nature of the transaction                                      Purchase 
c)   Currency                                                       GBP 
d)   Price(s) and volume(s)                                         Price(s)                     Volume(s) 
  GBP0.11615                                                                                     100,000 
e)   Aggregated information                                          100,000 
      - Aggregated volume                                             GBP11,615.00 
      - Aggregated price                                              GBP11,615.00 
      - Aggregated total 
f)   Date of the transaction                                        11.06.2019 
g)   Place of the transaction                                       London Stock Exchange, AIM 
 

*-ends*-

Enquiries

For further information please visit www.trinityexploration.com or contact:

 
 Trinity Exploration & Production plc                        [phone] 
 Bruce Dingwall CBE, Executive Chairman 
  Jeremy Bridglalsingh, Chief Financial 
  Officer 
  Tracy Mackenzie, Corporate Development 
  Manager 
 
 SPARK Advisory Partners Limited (Nominated 
  Adviser and Financial Adviser)                             [phone] 
 Mark Brady 
  Miriam Greenwood 
  Andrew Emmott 
 
 Cenkos Securities PLC (Broker) 
 Joe Nally (Corporate Broking) 
  Neil McDonald 
  Beth McKiernan 
  Derrick Lee                                                [phone] 
  Pete Lynch                                                 [phone] 
 
 Whitman Howard Limited (Equity Adviser)                     [phone] 
 Nick Lovering 
  Hugh Rich 
 
 Walbrook PR Limited                                         [phone] 
 Nick Rome                                     [e-mail] 
 

About Trinity (www.trinityexploration.com)

Trinity is an independent oil and gas exploration and production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2018 was 24.5 mmbbls. Group 2C contingent resources are estimated to be 18.8 mmbbls. The Group's overall 2P plus 2C volumes are therefore 43.3 mmbbls.

Trinity is quoted on the AIM market of the London Stock Exchange under the ticker TRIN.

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 [e-mail] or visit www.rns.com.

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June 11, 2019 05:57 ET (09:57 GMT)