Zenith Energy Ltd Director/PDMR Shareholding (8919G)

TIDMZEN

RNS Number : 8919G

Zenith Energy Ltd

06 March 2018

March 6, 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 its Chief Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company that he has purchased a total of 100,000 Common Shares of no par value in the capital of the Company ("Common Shares") at an average price of GBP0.07 per Common Share. Mr. Cattaneo purchased a total of 30,000 Common Shares on March 2, 2018. Today, Mr. Cattaneo purchased a total of 70,000 Common Shares.

Following the aforementioned purchases, Mr. Cattaneo is directly beneficially interested in a total of 4,595,116 Common Shares in the capital of the Company, representing 2.89 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]

Daniel Stewart & Company Plc - (Joint Broker)

Robert Emmet- Corporate Broking

Nikhil Varghese- Corporate Finance

Tel: + 44 (0) 207 776 6550

Optiva Securities - (Joint Broker)

Christian Dennis

Tel: + 44 (0) 203 137 1903

Allenby Capital Limited - (Financial Adviser)

Nick Harriss

Nick Athanas

Tel: + 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                    Common Shares 
        the financial 
        instrument, type 
        of instrument 
----  --------------------------------  ----------------------- 
       Identification                    CA98936C1068 
        code 
----  --------------------------------  ----------------------- 
 b)    Nature of the                     Purchase of 
        transaction                       Common Shares 
----  --------------------------------  ----------------------- 
 c)    Price(s) and volumes(s)           Price(s)     Volume(s) 
----  --------------------------------  -----------  ---------- 
                                            GBP0.07       30000 
 -------------------------------------  -----------  ---------- 
                                          GBP0.0713       35000 
 -------------------------------------  -----------  ---------- 
                                         GBP0.07123       35000 
 -------------------------------------  -----------  ---------- 
 
 d)    Aggregated information 
----  --------------------------------  ----------------------- 
  Aggregated volume                      100000 
 -------------------------------------  ----------------------- 
  Aggregated price                       GBP0.07086 
 -------------------------------------  ----------------------- 
 e)    Date of the transaction(s) 
----  --------------------------------  ----------------------- 
                                         March 2, 2018 
 -------------------------------------  ----------------------- 
                                         March 6, 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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March 06, 2018 12:00 ET (17:00 GMT)