Director's Dealing • Feb 20, 2025
Director's Dealing
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Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTC PINK: ZENAF), the listed international energy production and development company, is pleased to announce that it has granted a total of 27,183,142 stock options (the "Options") to certain Directors and employees of the Company in accordance with the Company's Stock Option Plan.
The Options have an exercise price of NOK 1.26 per Option (approximately equivalent to £0.09), are fully vested and have a duration of five years from the date of issue.
| Zenith Energy Ltd | |
|---|---|
| Andrea Cattaneo, Chief Executive Officer | Tel: +1 (587) 315 1279 |
| E: [email protected] |
Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in North Africa, the US and Europe. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and the Pink Markets of the OTC (OTC PINK: ZENAF).
Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.
For more information, please visit: www.zenithenergy.ca Twitter: @zenithenergyltd LinkedIn: https://bit.ly/3A5PRJb
The information included in this announcement is defined as inside information pursuant to MAR article 7 and is publicly disclosed in accordance with MAR article 17 and section 5 -12 of the Norwegian Securities Trading Act. The announcement is made by the contact person.
| 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 |
Options for common shares of no par value in Zenith Energy Ltd. |
||
| Identification code | CA98936C8584 | |||
| b) | Nature of the transaction |
Grant of Stock Options in accordance with Stock Option Plan |
||
| c) | Price(s) and volumes(s) | Price(s) NOK 1.26 |
Volume(s) 13,047,909 |
|
| d) | Date of the transaction(s) |
February 20, 2025 |
||
| e) | Place of the transaction | Off Market |
| 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 and Executive Director |
||
| b) | Initial notification/Amendment |
Initial Notification | ||
| 3 | auctioneer or auction monitor | Details of the issuer, emission allowance market participant, auction platform, | ||
| 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 |
Options for common shares of no par value in Zenith Energy Ltd. |
||
| Identification code | CA98936C8584 | |||
| b) | Nature of the transaction |
Grant of Stock Options in accordance with Stock Option Plan |
||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 1.26 |
3,941,555 | |||
| d) | Date of the transaction(s) |
February 20, 2025 |
||
| e) | Place of the transaction | Off Market |
| 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 instrument, type of instrument |
Options for common shares of no par value in Zenith Energy Ltd. |
||
| Identification code | CA98936C8584 | |||
| b) | Nature of the transaction |
Grant of Stock Options in accordance with Stock Option Plan |
||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 1.26 |
1,902,820 | |||
| d) | Date of the transaction(s) |
February 20, 2025 |
||
| e) | Place of the transaction | Off Market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated |
||||
|---|---|---|---|---|---|
| a) | Name | Sergey Borovskiy Alexandrovich | |||
| 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 | been conducted | 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 |
|||
| a) | Description of the financial instrument, type of instrument |
Options for common shares of no par value in Zenith Energy Ltd. |
|||
| Identification code | CA98936C8584 | ||||
| b) | Nature of the transaction |
Grant of Stock Options in accordance with Stock Option Plan |
|||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | ||
| NOK 1.26 |
1,902,820 | ||||
| d) | Date of the transaction(s) |
February 20, 2025 |
|||
| e) | Place of the transaction | Off Market |
| 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, Chairman | ||
| 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 |
Options for common shares of no par value in Zenith Energy Ltd. |
||
| Identification code | CA98936C8584 | |||
| b) | Nature of the transaction |
Grant of Stock Options in accordance with Stock Option Plan |
||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 1.26 |
1,902,820 | |||
| d) | Date of the transaction(s) |
February 20, 2025 |
||
| e) | Place of the transaction | Off Market |
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