24th May 2021
This announcement contains inside information as defined under
the Market Abuse Regulations n. 596/2014
Cadogan Petroleum
Plc
("Cadogan" or the
"Company")
CEO Dealings –
Market Share Purchase
Cadogan Petroleum plc (“Cadogan” or the “Company”) today
announces that its CEO, Mr. Fady Khallouf, has purchased on
20 May 2021 1,000,000 ordinary shares
of £0.03 each, in the capital of the Company, on the London Stock
Exchange at a price of £0.042 each.
Following this purchase Mr Fady Khallouf holds in total
10,425,455 shares representing 4.27% of the Company.
About
Cadogan is an independent, diversified oil and gas company,
which operates exploration and production licenses in Western Ukraine, conducts gas trading
operations, and provides services to E&P companies.
For further information, please
contact:
Cadogan Petroleum plc
Fady
Khallouf
Chief Executive Officer
fady.khallouf@cadoganpetroleum.com
Ben Harber
Company Secretary
+44 0207 264 4366
Appendix
The notification detailed above and summarised in the table
below is made in accordance with the requirements of the EU Market
Abuse Regulations as follows:
Fady Khallouf, CEO purchased 1,000,000 shares at £0.042 per
share on 20 May 2021.
| 1. |
Details
of PDMR/ person closely associated with them (‘PCA’) |
| a) |
Name |
Fady Khallouf |
| 2. |
Reason
for the notification |
| a) |
Position/status |
Chief Executive
Officer |
| b) |
Initial notification /
Amendment |
Initial notification of
purchase of shares |
| 3. |
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor |
| a) |
Name |
Cadogan Petroleum
plc |
| b) |
LEI |
213800JIBKL29FAK1213 |
| 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 |
|
Description of the
financial instrument, type of instrument
Identification code |
Ordinary shares of 3
pence each
GB00B12WC938 |
| b) |
Nature of the transaction |
Purchase of ordinary
shares |
| c) |
Price(s) and volume(s) |
Price(s)
Volume(s)
£0.042
1,000,000 |
|
Aggregated
information
- Aggregated volume
- Price |
1,000,000
£0.042 |
| e) |
Date of the transaction |
20 May 2021 |
| f) |
Place of the transaction |
XLON |