Zenith Energy Ltd Director/PDMR Shareholding (7037F)

TIDMZEN

RNS Number : 7037F

Zenith Energy Ltd

22 February 2018

February 22, 2018

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this announcement via a regulatory information service ("RIS"), the inside information contained in this document is now considered to be in the public domain.

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Director/ PDMR Shareholding

Zenith Energy Ltd., ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE), the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that Mr. Andrea Cattaneo, Chief Executive Officer and President of the Company, has purchased a total of 325,000 common shares of no par value in the capital of the Company ("Common Shares") at an average price of GBP0.068 per Common Share. Mr. Cattaneo purchased a total of 225,000 Common Shares on February 20, 2018. Today, Mr. Cattaneo has purchased a total of 100,000 Common Shares.

Following the aforementioned purchases, Mr. Cattaneo is directly beneficially interested in a total of 4,395,116 Common Shares in the capital of the Company, representing 2.77 per cent of the total issued and outstanding common share capital of the Company. As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 Common Shares, today representing 0.79 per cent of the Company's issued share capital.

For further information please contact:

Zenith Energy Ltd.

Andrea Cattaneo

Chief Executive Officer

E-mail: [e-mail]

Tel: [phone]

 
 Vigo Communications - 
  PR Adviser 
  Patrick d'Ancona 
  Chris McMahon 
  Kate Rogucheva 
  Tel: [phone] 
 

Beaufort Securities Limited - (Joint Broker)

Jon Belliss

Telephone: [phone]

Daniel Stewart & Company Plc - (Joint Broker)

Robert Emmet- Corporate Broking

Nikhil Varghese- Corporate Finance

   Telephone:   + 44 (0) 207 776 6550 

Optiva Securities - (Joint Broker)

Christian Dennis

Telephone: + 44 (0) 203 137 1903

Allenby Capital Limited - (Financial Adviser)

Nick Harriss

Nick Athanas

   Telephone:   + 44 (0) 203 328 5656 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1     Details of the person discharging 
        managerial responsibilities 
        / person closely associated 
----  --------------------------------------------------------- 
 a)    Name                              Andrea Cattaneo 
----  --------------------------------  ----------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------- 
 a)    Position/status                   Chief Executive 
                                          Officer 
----  --------------------------------  ----------------------- 
 b)    Initial notification/Amendment    Initial Notification 
----  --------------------------------  ----------------------- 
 3     Details of the issuer, emission 
        allowance market participant, 
        auction platform, auctioneer 
        or auction monitor 
----  --------------------------------------------------------- 
 a)    Name                              Zenith Energy 
                                          Ltd. 
----  --------------------------------  ----------------------- 
 b)    LEI                               213800AYTYOYD61S4569 
----  --------------------------------  ----------------------- 
 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                Common Shares 
        financial instrument, 
        type of instrument 
----  --------------------------------  ----------------------- 
       Identification code               CA98936C1068 
----  --------------------------------  ----------------------- 
 b)    Nature of the transaction         Purchase of 
                                          Common Shares 
----  --------------------------------  ----------------------- 
 c)    Price(s) and volumes(s)           Price(s)     Volume(s) 
----  --------------------------------  -----------  ---------- 
                                          GBP0.0670      100000 
 -------------------------------------  -----------  ---------- 
                                          GBP0.0680      100000 
 -------------------------------------  -----------  ---------- 
                                          GBP0.0690       25000 
 -------------------------------------  -----------  ---------- 
                                          GBP0.0695      100000 
 -------------------------------------  -----------  ---------- 
 d)    Aggregated information 
----  --------------------------------  ----------------------- 
  Aggregated volume                       325000 
 -------------------------------------  ----------------------- 
  Aggregated price                       GBP0.068231 
 -------------------------------------  ----------------------- 
 e)    Date of the transaction(s) 
----  --------------------------------  ----------------------- 
                                         February 20, 
                                          2018 
 -------------------------------------  ----------------------- 
                                         February 22, 
                                          2018 
 -------------------------------------  ----------------------- 
 f)    Place of the transaction          London Stock 
                                          Exchange 
----  --------------------------------  ----------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 22, 2018 11:08 ET (16:08 GMT)