Board/Management Information • May 29, 2019
Board/Management Information
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information
RNS Number : 5187A
Zenith Energy Ltd
29 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 29, 2019
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Notice of AGM & 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 the Annual General Meeting and Special Meeting of the Company, (the "AGM"), will be held at the offices of Stikeman Elliott LLP at 4300 Bankers Hall West, 888 - 3rd Street SW, Calgary, AB T2P 5C5 on June 17, 2019, at 10:00 am (Calgary time).
The Company confirms that notice in relation to the AGM has been sent for distribution to all shareholders.
Director/PDMR Shareholding
Mr. Cattaneo has advised the Company that he has purchased a total of 200,000 common shares ("Common Shares") of no par value in the capital of the Company at an average price of £0.02925 between May 23, 2019 and May 24, 2019.
In addition, Mr. Cattaneo has advised the Company that he has transferred 1,500,000 Common Shares on May 28, 2019 to a family member (who is not a PCA).
Following the aforementioned dealings, Mr. Cattaneo is directly beneficially interested in a total of 21,007,911 Common Shares in the capital of the Company, representing 7.52% 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 6.72% 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% 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% 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:
| Zenith Energy Ltd | |
| Andrea Cattaneo, Chief Executive Officer | Tel: +1 (587) 315 9031 |
| E-mail: [email protected] | |
| Peterhouse Capital - Joint Broker | Tel: + 44 (0) 207 469 0930 |
| Lucy Williams | |
| Charles Goodfellow | |
| Novum Securities Limited - Joint Broker | Tel: + 44 (0) 207 399 9400 |
| Charlie Brook-Partridge | |
| Hugh McAlister | |
| IFC Advisory Limited - Financial PR & IR | Tel: + 44 (0) 203 934 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 the financial instrument, type of instrument | Common Shares | ||
| Identification code | CA98936C1068 | |||
| b) | Nature of the transaction | Purchase of Common Shares | ||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| £0.0292 | 100,000 | |||
| d) | Date of the transaction(s) | May 23, 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 the financial instrument, type of instrument | Common Shares | ||
| Identification code | CA98936C1068 | |||
| b) | Nature of the transaction | Purchase of Common Shares | ||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| £0.0293 | 100,000 | |||
| d) | Date of the transaction(s) | May 24, 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 the financial instrument, type of instrument | Common Shares | ||
| Identification code | CA98936C1068 | |||
| b) | Nature of the transaction | Transfer of Common Shares to a family member | ||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| n/a | 1,500,000 | |||
| d) | Date of the transaction(s) | May 28, 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 [email protected] or visit www.rns.com.
END
DSHEASSNAFPNEFF
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.