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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% | 2.20 | 2.10 | 2.30 | 2.20 | 2.20 | 2.20 | 3,000 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMZEN
RNS Number : 0307M
Zenith Energy Ltd
18 January 2021
January 18, 2021
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")
Result of AGM & Granting of Stock Options
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA-ME), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that all resolutions presented before shareholders at its Annual General Meeting and Special Meeting ("AGM") held on January 15, 2021 have been duly passed.
Board Changes resulting from the AGM
As indicated in the information circular distributed to shareholders, Mr. Luigi Regis Milano, an Executive Director of the Company, did not stand for re-election at the AGM and retired from the Board of Directors due to ill health.
Mr. Erik Sture Larre, a Non-Executive Director of the Company, did not stand for re-election at the AGM and retired from the Board of Directors to concentrate on other business activities.
The Company wishes to thank both of the aforementioned Directors for their valuable commitment and assistance to the Company over the years.
Granting of Options
The Company has granted a total of 45,414,775 stock options (the "Options") to certain Directors and employees of the Company in accordance with the Company's Stock Option Plan.
The Options will have an exercise price of NOK 0.20 per Option (approximately equiavelnt to GBP0.017), a premium of approximately 47% to the last closing price on the Euronext Growth of the Oslo Stock Exchange (15.01.2021). The Options are fully vested and have the duration of five years from the date of granting.
Further Information:
Hot Features
Premium
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer Tel: +1 (587) 315 9031
-----------------------------
E-mail: info@zenithenergy.ca
-----------------------------
Allenby Capital Limited - Financial
Adviser & Broker
-----------------------------
Nick Harriss Tel: + 44 (0) 203 328
Nick Athanas 5656
-----------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector, specifically in Africa. 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 the financial Common Shares of No Par Value
instrument,
type of instrument
--------------------------------------- ---------------------------------------
Identification CA98936C1068
code
--------------------------------------- ---------------------------------------
b) Nature of the Grant of Stock Options
transaction
--------------------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
--------------------------------------- ------------------ -------------------
NOK
0.20 18,165,910
--------------------------------------------------------------- -------------------
d) Date of the January 18, 2021
transaction(s)
--------------------------------------- ---------------------------------------
e) Place of the Off Market
transaction
--------------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Luca Benedetto
---------------------------------------- --------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Chief Financial Officer, Executive
Director
---------------------------------------- --------------------------------------
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 financial Common Shares of No Par Value
instrument,
type of instrument
---------------------------------------- --------------------------------------
Identification CA98936C1068
code
---------------------------------------- --------------------------------------
b) Nature of the Grant of Stock Options
transaction
---------------------------------------- --------------------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
---------------------------------------- ------------------ ------------------
NOK
0.20 5,449,773
---------------------------------------------------------------- ------------------
d) Date of the January 18, 2021
transaction(s)
---------------------------------------- --------------------------------------
e) Place of the Off Market
transaction
---------------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dario Sodero
---------------------------------------- -----------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Non-Executive Director
---------------------------------------- -----------------------------------
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 financial Common Shares of No Par Value
instrument,
type of instrument
---------------------------------------- -----------------------------------
Identification CA98936C1068
code
---------------------------------------- -----------------------------------
b) Nature of the Grant of Stock Options
transaction
---------------------------------------- -----------------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
---------------------------------------- ----------------- ----------------
NOK
0.20 5,449,773
--------------------------------------------------------------- ----------------
d) Date of the January 18, 2021
transaction(s)
---------------------------------------- -----------------------------------
e) Place of the Off Market
transaction
---------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sergey Borovskiy
---------------------------------------- -----------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Non-Executive Director
---------------------------------------- -----------------------------------
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 financial Common Shares of No Par Value
instrument,
type of instrument
---------------------------------------- -----------------------------------
Identification CA98936C1068
code
---------------------------------------- -----------------------------------
b) Nature of the Grant of Stock Options
transaction
---------------------------------------- -----------------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
---------------------------------------- ----------------- ----------------
NOK
0.20 5,449,773
--------------------------------------------------------------- ----------------
d) Date of the January 18, 2021
transaction(s)
---------------------------------------- -----------------------------------
e) Place of the Off Market
transaction
---------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name José Ramón López-Portillo
---------------------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status Non-Executive Director
---------------------------------------- --------------------------------------------
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 financial Common Shares of No Par Value
instrument,
type of instrument
---------------------------------------- --------------------------------------------
Identification CA98936C1068
code
---------------------------------------- --------------------------------------------
b) Nature of the Grant of Stock Options
transaction
---------------------------------------- --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
---------------------------------------- --------------------- ---------------------
NOK
0.20 5,449,773
------------------------------------------------------------------- ---------------------
d) Date of the January 18, 2021
transaction(s)
---------------------------------------- --------------------------------------------
e) Place of the Off Market
transaction
---------------------------------------- --------------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCEAFFPFAXFEFA
(END) Dow Jones Newswires
January 18, 2021 06:29 ET (11:29 GMT)
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