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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Zenith Energy Ltd. | LSE:ZEN | London | Ordinary Share | CA98936C8584 | COM SHS NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.05 | 2.00 | 2.10 | 2.05 | 2.05 | 2.05 | 56,793 | 08:00:15 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMZEN
RNS Number : 8935Y
Zenith Energy Ltd
14 May 2019
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.
May 14, 2019
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Director/ PDMR Shareholding
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME) the listed 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 purchased a total of 1,005,000 common shares of no par value ("Common Shares") in the capital of the Company at a total average price of GBP0.030 per Common Share (approximately CAD$0.054).
On May 9, 2019, 250,000 Common Shares were purchased on the London Stock Exchange at an average price of GBP0.028 (approximately CAD$0.049) per Common Share.
On May 13, 2019, 455,000 were purchased on the Oslo Børs at NOK 0.37 (approximately GBP0.033 - CAD$ 0.057) per Common Share and 300,000 Common Shares were purchased on the London Stock Exchange at an average price of GBP0.028 (approximately CAD$0.049) per Common Share.
Following the aforementioned dealings, Mr. Cattaneo is directly beneficially interested in a total of 22,307,911 Common Shares in the capital of the Company, representing 8.02% of the total issued and outstanding common share capital of the Company admitted to trading on the Main Market for listed securities of the London Stock Exchange, and representing 7.14% of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Børs.
As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 Common Shares, today representing 0.48 per cent of the Company's issued and outstanding common share capital admitted to trading on the Main Market of the London Stock Exchange, and representing 0.40 per cent of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Børs.
Further information:
Hot Features
Premium
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Tel: +1 (587) 315 9031
Officer
-----------------------------
E-mail: info@zenithenergy.ca
-----------------------------
Peterhouse Capital - Joint Broker Tel: + 44 (0) 207 469
0930
-----------------------------
Lucy Williams
-----------------------------
Charles Goodfellow
-----------------------------
Novum Securities Limited - Joint Tel: + 44 (0) 207 399
Broker 9400
-----------------------------
Charlie Brook-Partridge
-----------------------------
Hugh McAlister
-----------------------------
Allenby Capital Limited - Financial Tel: + 44 (0) 203 328
Adviser 5656
-----------------------------
Nick Harriss
-----------------------------
Nick Athanas
-----------------------------
IFC Advisory Limited - Financial Tel: + 44 (0) 203 934
PR & IR 6630
-----------------------------
Graham Herring
-----------------------------
Miles Nolan
-----------------------------
Zach Cohen
-----------------------------
Notes to Editors:
Zenith Energy Ltd. is an international oil and gas production company, listed on the TSX Venture Exchange (TSX.V:ZEE) and London Stock Exchange (LSE:ZEN). In addition, the Company's common share capital was admitted to trading on the Merkur Market of the Oslo Børs (ZENA:ME) on November 8, 2018. The Merkur Market is a multilateral trading facility owned and operated by the Oslo Børs.
The Company was assigned a medium to long-term issuer credit rating of "B+ with Positive Outlook" on October 8, 2018 by Arc Ratings, S.A.
The Company operates the largest onshore oilfield in Azerbaijan following the signing of a 25-year REDPSA, (Rehabilitation, Exploration, Development and Production Sharing Agreement), with SOCAR, State Oil Company of the Republic of Azerbaijan, in 2016.
The Company's primary focus is the development of its Azerbaijan operations by leveraging its technical expertise and financial resources to maximise low-cost oil production via a systematic field rehabilitation programme intended to achieve significantly increased revenue. Zenith also operates, or has working interests in, a number of natural gas production concessions in Italy. The Company's Italian operations produce natural gas, condensate and electricity.
Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector. The Company's Board of Directors and senior management team have the experience and technical expertise to develop the Company successfully.
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
& President
-------------------------------- -----------------------------
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 transaction Purchase of Common Shares
-------------------------------- -----------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------- --------------- ------------
GBP0.0279 150,000
GBP0.0281 100,000
----------------------------------------------------- ------------
d) Date of the transaction(s) May 9, 2019
-------------------------------- -----------------------------
e) Place of the transaction London Stock Exchange
-------------------------------- -----------------------------
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
& President
-------------------------------- -----------------------------
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 transaction Purchase of Common Shares
-------------------------------- -----------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------- -------------- -------------
NOK 0.37 455,000
---------------------------------------------------- -------------
d) Date of the transaction(s) May 13, 2019
-------------------------------- -----------------------------
e) Place of the transaction Oslo Stock Exchange
-------------------------------- -----------------------------
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
& President
-------------------------------- -----------------------------
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 transaction Purchase of Common Shares
-------------------------------- -----------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------- -------------- -------------
GBP0.028 300,000
---------------------------------------------------- -------------
d) Date of the transaction(s) May 13, 2019
-------------------------------- -----------------------------
e) Place of the transaction London Stock Exchange
-------------------------------- -----------------------------
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 rns@lseg.com or visit www.rns.com.
END
DSHSFDEEDFUSEDI
(END) Dow Jones Newswires
May 14, 2019 02:01 ET (06:01 GMT)
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