Trinity Exploration & Production PDMR/PCA Dealings (5873G)

TIDMTRIN

RNS Number : 5873G

Trinity Exploration & Production

18 March 2020

Trinity Exploration & Production plc

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

PDMR/PCA Dealings

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, announces that yesterday Philippa Dingwall, wife of Executive Chairman, Bruce Dingwall, Non-Executive Director, Angus Winther and Chief Financial Officer, Jeremy Bridglalsingh made the following purchases of shares in the Company:

Philippa Dingwall purchased 508,474 shares in the Company at a price of 5.90p per share. Following this transaction, Mr Bruce Dingwall is interested in 13,994,588 Ordinary shares in the Company representing 3.64 per cent of the issued share capital (voting rights), of the Company.

Angus Winther purchased 830,000 shares in the Company at a price of 6.00p per share. Following this transaction, Mr Winther is interested in 30,932,994 Ordinary shares in the Company representing 8.05 per cent of the issued share capital (voting rights), of the Company.

Jeremy Bridglalsingh purchased 203,320 shares in the Company at a price of 5.65p per share. Following this transaction, Mr Bridglalsingh is interested in 410,382 Ordinary shares in the Company representing 0.11 per cent of the issued share capital (voting rights), of the Company.

 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                                            Bruce Dingwall and Philippa Dingwall 
2    Reason for the notification 
a)   Position/status                                                 Executive Chairman 
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) 
                                                                     0.059                     508,474 
e)   Aggregated information                                           508,474 
      - Aggregated volume                                              GBP0.059 
      - Aggregated price                                               GBP29,999.97 
      - Aggregated total 
f)   Date of the transaction                                         17.03.2020 
g)   Place of the transaction                                        London Stock Exchange, AIM 
 
 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                                            Angus Winther 
2    Reason for the notification 
a)   Position/status                                                 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) 
                                                                     0.06                      830,000 
e)   Aggregated information                                           830,000 
      - Aggregated volume                                              GBP0.06 
      - Aggregated price                                               GBP49,800.00 
      - Aggregated total 
f)   Date of the transaction                                         17.03.2020 
g)   Place of the transaction                                        London Stock Exchange, AIM 
 
 
1    Details of the person discharging managerial responsibilities/person closely associated 
a)   Name                                                            Jeremy Bridglalsingh 
2    Reason for the notification 
a)   Position/status                                                 Chief Financial Officer 
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) 
                                                                     0.0565                    203,320 
e)   Aggregated information                                           203,320 
      - Aggregated volume                                              GBP0.0565 
      - Aggregated price                                               GBP11,487.58 
      - Aggregated total 
f)   Date of the transaction                                         17.03.2020 
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 
  Andrew Emmott 
 
 Cenkos Securities PLC (Broker) 
 Joe Nally (Corporate Broking) 
  Neil McDonald 
  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.

END

DSHGRGDXRGBDGGI

(END) Dow Jones Newswires

March 18, 2020 03:08 ET (07:08 GMT)