TIDMZEN
RNS Number : 0658K
Zenith Energy Ltd
30 December 2020
December 30, 2020
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")
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 50,000,000 stock options
(the "Options") to certain Directors and employees of the Company
in accordance with the Company's Stock Option Plan.
The Options will have an exercise price of NOK 0.20 per Option
(approximately GBP0.017), a premium of approximately 30% to
yesterday's closing price on the Euronext Growth of the Oslo Stock
Exchange. The Options are fully vested and have the duration of
five years from the date of granting.
Andrea Cattaneo, Chief Executive Officer of Zenith,
commented:
"The granting of the Options is an unequivocal confirmation of
the strong belief the Company's Board and Management maintain in
Zenith's ability to successfully achieve its development goals.
We are pleased with our recent market performance following the
achievement of a very important initial milestone in the form of
the Company's successful bid for the Tilapia II licence in the
Republic of the Congo. Our hope and expectation is that this has
signalled the beginning of a period of sustained growth and value
creation for Zenith shareholders as we deliver on our
objectives."
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
Nick Athanas 5656
-----------------------------
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 onshore
oil & gas sector, specifically in Africa. 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 financial Common Shares of No Par Value
instrument,
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 0.20 20,000,002
----------------------------------------------------------------- -------------------
d) Date of the December 30, 2020
transaction(s)
--------------------------------------- ---------------------------------------
e) Place of the Off Market
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 Common Shares of No Par Value
instrument, 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 0.20 4,285,714
------------------------------------------------------------------ ------------------
d) Date of the transaction(s) December 30, 2020
---------------------------------------- --------------------------------------
e) Place of the Off Market
transaction
---------------------------------------- --------------------------------------
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 Common Shares of No Par Value
instrument, 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 0.20 4,285,714
----------------------------------------------------------------- ----------------
d) Date of the transaction(s) December 30, 2020
---------------------------------------- -----------------------------------
e) Place of the Off Market
transaction
---------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Luigi Regis Milano
---------------------------------------- -----------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status 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 Common Shares of No Par Value
instrument, 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 0.20 4,285,714
----------------------------------------------------------------- ----------------
d) Date of the transaction(s) December 30, 2020
---------------------------------------- -----------------------------------
e) Place of the Off Market
transaction
---------------------------------------- -----------------------------------
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 Common Shares of No Par Value
instrument,
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 0.20 4,285,714
----------------------------------------------------------------- ----------------
d) Date of the December 30, 2020
transaction(s)
---------------------------------------- -----------------------------------
e) Place of the Off Market
transaction
---------------------------------------- -----------------------------------
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
---------------------------------------- --------------------------------------------
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 Common Shares of No Par Value
instrument, 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 0.20 4,285,714
--------------------------------------------------------------------- ---------------------
d) Date of the transaction(s) December 30, 2020
---------------------------------------- --------------------------------------------
e) Place of the Off Market
transaction
---------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Erik Sture Larre
---------------------------------------- -----------------------------------
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 Common Shares of No Par Value
instrument,
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 0.20 4,285,714
----------------------------------------------------------------- ----------------
d) Date of the December 30, 2020
transaction(s)
---------------------------------------- -----------------------------------
e) Place of the Off Market
transaction
---------------------------------------- -----------------------------------
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END
DSHFESEDUESSEEE
(END) Dow Jones Newswires
December 30, 2020 02:15 ET (07:15 GMT)
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