STERLING ENERGY PLC
PDMR Dealings
Sterling Energy Plc ("Sterling" or the "Company"), the AIM listed oil and gas exploration company with a high potential exploration asset in Somaliland and an active strategy to deliver shareholder value through disciplined, exploration and production projects, announces that Waterford Finance & Investment Limited, (an entity owned by the Kroupeev Family Trust which Michael Kroupeev, non-executive chairman is a beneficiary of), sold 500,000 ordinary shares on 18 April 2019 of £0.10 each in the Company at 11.6 pence per share. As a result of this trade, Michael Kroupeev is now beneficially interested in 64,315,517 shares, representing approximately 29.2% of the Company's issued share capital.
1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a. |
Name |
Michael Kroupeev |
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2. |
Reason for the notification |
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a. |
Position/status |
Non-Executive Chairman |
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b. |
Initial notification/Amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Sterling Energy Plc |
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b. |
LEI |
21380028BFDFJK8BRX92 |
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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 |
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a. |
Description of the Financial instrument, type of instrument Identification code |
Ordinary shares of £0.10 per share par value
GB00B4X3Q493 |
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b. |
Nature of the transaction |
Disposal of Shares |
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information · Aggregated volume · Price
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500,000 11.6p |
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e. |
Date of the transaction |
18 April 2019 |
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f. |
Place of the transaction |
London Stock Exchange, AIM
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Sterling Energy Plc |
Tel: +44 (0) 20 7405 4133 |
David Marshall, Chief Executive Officer Michael Kroupeev (Chairman) |
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Peel Hunt LLP |
Tel: +44 (0) 20 7418 8900 |
Richard Crichton James Bavister
www.sterlingenergyplc.com
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Ticker Symbol: SEY |