TIDMZEN
RNS Number : 9935U
Zenith Energy Ltd
18 July 2018
July 18, 2018
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.
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Director/ PDMR Shareholding
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V:
ZEE), the dual listed international oil & gas production
company operating the largest onshore oilfield in Azerbaijan, is
pleased to announce that its Chief Executive Officer &
President, Mr. Andrea Cattaneo, has advised the Company that he has
purchased a total of 2,460,000 common shares of no par value
("Common Shares") in the capital of the Company at a total average
price of GBP0.0374. Mr. Cattaneo purchased a total of 460,000
Common Shares on July 16, 2018. On July 17, 2018, Mr. Cattaneo
purchased a total of 2,000,000 Common Shares.
Following the aforementioned dealings, Mr. Cattaneo is directly
beneficially interested in a total of 10,486,992 Common Shares in
the capital of the Company, representing 4.9 per cent of the total
issued and outstanding common share capital of the Company. As
announced on December 15, 2017, Mr. Cattaneo is indirectly
interested in a total of 1,250,000 Common Shares, today
representing 0.58 per cent of the Company's issued share
capital.
For further information please contact:
Zenith Energy Ltd.
Andrea Cattaneo
Chief Executive Officer
E-mail: info@zenithenergy.ca
Tel: +1 (587) 315 9031
Vigo Communications - PR Adviser
Patrick d'Ancona
Chris McMahon
Kate Rogucheva
Tel: +44 (0) 20 7830 9700
Daniel Stewart & Company Plc - (Joint Broker)
Robert Emmet- Corporate Broking
Nikhil Varghese- Corporate Finance
Tel: + 44 (0) 207 776 6550
Optiva Securities - (Joint Broker)
Christian Dennis
Tel: + 44 (0) 203 137 1903
Allenby Capital Limited - (Financial Adviser)
Nick Harriss
Nick Athanas
Tel: + 44 (0) 203 328 5656
Notes to Editors:
Zenith Energy Ltd. is an international oil and gas production
company, dual listed on the TSX Venture Exchange and London Stock
Exchange.
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 Azerbaijan Republic, 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, 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 Common Shares
financial instrument,
type of instrument
-------------------------------- ------------------------
Identification code CA98936C1068
-------------------------------- ------------------------
b) Nature of the transaction Purchase of Common
Shares
-------------------------------- ------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------- ----------- -----------
GBP0.0398 50,000
------------------------------------- ----------- -----------
GBP0.0395 150,000
------------------------------------- ----------- -----------
GBP0.0400 75,000
------------------------------------- ----------- -----------
GBP0.0370 90,000
------------------------------------- ----------- -----------
GBP0.0370 95,000
------------------------------------- ----------- -----------
d) Aggregated information
-------------------------------- ------------------------
Aggregated volume 460,000
------------------------------------- ------------------------
Aggregated price GBP0.039
------------------------------------- ------------------------
e) Date of the transaction(s) July 16, 2018
-------------------------------- ------------------------
f) 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 Common Shares
financial instrument,
type of instrument
-------------------------------- ------------------------
Identification code CA98936C1068
-------------------------------- ------------------------
b) Nature of the transaction Purchase of Common
Shares
-------------------------------- ------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------- ----------- -----------
GBP0.0366 50,000
------------------------------------- ----------- -----------
GBP0.0366 500,000
------------------------------------- ----------- -----------
GBP0.0368 450,000
------------------------------------- ----------- -----------
GBP0.0372 610,000
------------------------------------- ----------- -----------
GBP0.0382 390,000
------------------------------------- ----------- -----------
d) Aggregated information
-------------------------------- ------------------------
Aggregated volume 2,000,000
------------------------------------- ------------------------
Aggregated price GBP0.037
------------------------------------- ------------------------
e) Date of the transaction(s) July 17, 2018
-------------------------------- ------------------------
f) 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 rns@lseg.com or visit www.rns.com.
END
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