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Zenith Energy
Remuneration Information • Jan 31, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 1892A
Zenith Energy Ltd
31 January 2022
January 31, 2022
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Issue of Stock Options & New Appointment to Advisory Committee
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international energy production and development company, is pleased to announce that it has granted a total of 47,586,280 stock options (the "Options") to certain Directors, Advisory Committee members and employees of the Company in accordance with the Company's Stock Option Plan.
The Options have an exercise price of NOK 0.11 per Option (approximately equivalent to £0.009), are fully vested, and have the duration of five years from the date of granting.
Appointment to Advisory Committee
The Company is pleased to announce the appointment of Mr. Bjørn Ursin-Holm to its Advisory Committee.
Mr. Ursin-Holm is a Norwegian national with more than 40 years' experience in the oil and gas industry, having held senior leadership roles in multiple companies operating in Africa, the Middle East, and the FSU.
He currently serves as Chairman of Vision of Energy AS, a boutique Norwegian oil and gas advisory company, as well as serving as Chairman of Boudicca Exploration and Production Ltd.
Andrea Cattaneo, Chief Executive Officer, commented:
"We are delighted to welcome Mr. Ursin-Holm, a highly experienced Norwegian geophysicist with many decades of experience in senior leadership positions across the world, including Africa, to our Advisory Committee.
Our Advisory Committee provides an extremely valuable contribution in reviewing and optimising the Company's strategic direction, as well as introducing Zenith to potential new business development opportunities and oilfield service providers for our energy production portfolio."
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Further Information:
| Zenith Energy Ltd Andrea Cattaneo, Chief Executive Officer |
Tel: +1 (587) 315 9031 E: [email protected] |
| Allenby Capital Limited - Financial Adviser & Broker Nick Harriss Nick Athanas |
Tel: + 44 (0) 203 328 5656 |
| Celicourt Communications (Financial PR) Mark Antelme Jimmy Lea |
Tel: +44 (0) 208 434 2643 E: [email protected] |
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 complete value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.
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 | Options to acquire common shares of no par value in Zenith Energy Ltd. | ||
| Identification code | CA98936C1068 | |||
| b) | Nature of the transaction | Issue of Stock Options | ||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 0.11 | 13,328,859 | |||
| d) | Date of the transaction(s) | January 31, 2022 | ||
| 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, 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 to acquire common shares of no par value in Zenith Energy Ltd. | ||
| Identification code | CA98936C1068 | |||
| b) | Nature of the transaction | Issue of Stock Options | ||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 0.11 | 8,089,668 | |||
| d) | Date of the transaction(s) | January 31, 2022 | ||
| 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 to acquire common shares of no par value in Zenith Energy Ltd. | ||
| Identification code | CA98936C1068 | |||
| b) | Nature of the transaction | Issue of Stock Options | ||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 0.11 | 4,791,938 | |||
| d) | Date of the transaction(s) | January 31, 2022 | ||
| e) | Place of the transaction | Off Market |
| 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 instrument, type of instrument | Options to acquire common shares of no par value in Zenith Energy Ltd. | ||
| Identification code | CA98936C1068 | |||
| b) | Nature of the transaction | Issue of Stock Options | ||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 0.11 | 4,791,938 | |||
| d) | Date of the transaction(s) | January 31, 2022 | ||
| 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 to acquire common shares of no par value in Zenith Energy Ltd. | ||
| Identification code | CA98936C1068 | |||
| b) | Nature of the transaction | Issue of Stock Options | ||
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 0.11 | 4,791,938 | |||
| d) | Date of the transaction(s) | January 31, 2022 | ||
| e) | Place of the transaction | Off Market |
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