Trinity Exploration & Production PDMR Dealings (0716U)
January 12 2017 - 10:34AM
UK Regulatory
TIDMTRIN
RNS Number : 0716U
Trinity Exploration & Production
12 January 2017
For immediate release: 12 January 2017
Trinity Exploration & Prodcuction plc
("Trinity" or 'the Group' or "the Company")
PDMR Dealings
Trinity (AIM: TRIN), the leading independent E&P company
focused on Trinidad and Tobago, announces that Bruce Dingwall,
Executive Chairman, purchased 6,400,000 Placing Shares at the
Placing Price.
Following this transaction, Mr Dingwall is interested in
12,215,498 Ordinary shares in the Company representing 4.32% per
cent of the issued share capital (voting rights), of the Company as
per the following table:-
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Bruce Dingwall
2 Reason for the notification
a) Position/status Executive Chairman
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Trinity Exploration & Production plc
b) Legal Entity Identifier N/A
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 Ordinary shares of USD 0.01 per share par value
Identification code GB00B8JG4R91
b) Nature of the transaction Purchase
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
0.0498 6,400,0000
e) Aggregated information
- Aggregated volume 6,400,000
- Aggregated price GBP318,720
- Aggregated total GBP318,720
f) Date of the transaction 11.01.2017
g) Place of the transaction London Stock Exchange, AIM
*-ends*-
For further information please visit: www.trinityexploration.com
or contact:
Trinity Exploration & Production Tel: +44 (0)
Bruce Dingwall, Executive Chairman 131 240 3860
Tracy Mackenzie, Head of Corporate
Development
SPARK Advisory Partners Limited Tel: +44 (0)
(Nominated & Financial Adviser) 203 368 3550
Mark Brady
Miriam Greenwood
Sean Wyndham-Quin
Cantor Fitzgerald Europe (Broker) Tel: +44 (0)
David Porter 207 894 7000
Sebastien Maurin
Craig Francis
About Trinity
Trinity is an independent oil and gas exploration and production
company focused solely on Trinidad and Tobago. Trinity operates
producing and development assets both onshore and offshore, in the
shallow water West and East Coasts of Trinidad. Trinity's portfolio
includes current production, significant near-term production
growth opportunities from low risk developments and multiple
exploration prospects with the potential to deliver meaningful
reserves/resources growth. The Company operates all of its nine
licences and, across all of the Group's assets, management's
estimate of 2P reserves as at the end of 2015 was 20.9 MMbbls
(excluding the Guapo-1 license which was disposed of in April
2016). Group 2C contingent resources are estimated to be 19.8
MMbbls. The Group's overall 2P plus 2C volumes are therefore 40.7
MMbbls.
Trinity is listed on the AIM market of the London Stock Exchange
under the ticker TRIN.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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