Zenith Energy Ltd Granting of Stock Options (4568Y)
May 13 2021 - 1:00AM
UK Regulatory
TIDMZEN
RNS Number : 4568Y
Zenith Energy Ltd
13 May 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
May 13, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Granting of Stock Options
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA), the listed international oil & gas production company
focused on pursuing African development opportunities, is pleased
to announce that it has granted a total of 32,571,075 stock options
(the "Options") to certain Directors and an employee of the
Company
in accordance with the Company's Stock Option Plan.
The Options will have an exercise price of NOK 0.12 per Option
(approximately
equivalent to GBP0.01), a premium of approximately 12% in
respect of the last closing price on Euronext Growth Oslo
(12.05.2021). The Options are fully vested and have the duration of
five years from the date of granting.
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer Tel: +1 (587) 315 9031
-----------------------------
E-mail: info@zenithenergy.ca
-----------------------------
Allenby Capital Limited - Financial
Adviser & Broker
-----------------------------
Nick Harriss Tel: + 44 (0) 203 328 5656
Nick Athanas
-----------------------------
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 seize
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 Options to acquire common shares of
instrument, no par value in Zenith Energy Ltd.
type of instrument
--------------------------------------- -----------------------------------------
Identification CA98936C1068
code
--------------------------------------- -----------------------------------------
b) Nature of Grant of Stock Options
the transaction
--------------------------------------- -----------------------------------------
c) Price(s) Price(s) Volume(s)
and volumes(s)
--------------------------------------- ------------------- --------------------
NOK
0.12 19,542,645
---------------------------------------------------------------- --------------------
d) Date of the May 12, 2021
transaction(s)
--------------------------------------- -----------------------------------------
e) Place of Off Market
the transaction
--------------------------------------- -----------------------------------------
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 Options to acquire common shares of
instrument, no par value in Zenith Energy Ltd.
type of instrument
---------------------------------------- -----------------------------------------
Identification CA98936C1068
code
---------------------------------------- -----------------------------------------
b) Nature of the Grant of Stock Options
transaction
---------------------------------------- -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
---------------------------------------- -------------------- -------------------
NOK
0.12 6,514,215
------------------------------------------------------------------ -------------------
d) Date of the May 12, 2021
transaction(s)
---------------------------------------- -----------------------------------------
e) Place of the Off Market
transaction
---------------------------------------- -----------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHSFUFUEEFSEDI
(END) Dow Jones Newswires
May 13, 2021 02:00 ET (06:00 GMT)
Zenith Energy (LSE:ZEN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Zenith Energy (LSE:ZEN)
Historical Stock Chart
From Jul 2023 to Jul 2024
