Directors Dealings and Salary & Fee Sacrifices

RNS Number : 9999S

Caspian Sunrise plc

14 July 2020

 

Capitalised terms have the same meaning as the Company's announcement released on 08/07/2020 unless the context dictates.

Caspian Sunrise PLC

("Caspian Sunrise" or the "Company")

Directors dealings and salary & fee sacrifices

Further to the Company's announcement Wednesday 8^th July 2020, Caspian Sunrise has received confirmation that the 3,750,000 ordinary shares due to Kuat Oraziman in lieu of pay, (as outlined in such announcement), can be issued.

Shares in issue

Further to the announcement of Wednesday 8^th July 2020, application will made to London Stock Exchange for the total 8,938,570 Consideration Shares to be admitted to trading on AIM ("Admission") and dealings in the new ordinary shares are expected to commence on or around 20 July 2020. The Consideration Shares will, when issued, rank pari passu in all respects, and carry the same rights as the existing Ordinary Shares. Following Admission the total number of ordinary shares in issue will be 1,891,599,455. This figure of 1,891,599,455 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Caspian Sunrise PLC

Clive Carver

Executive Chairman  [phone]

WH Ireland, Nominated Adviser & Broker

James Joyce  [phone]

James Sinclair-Ford

This announcement has been posted to:

www.caspiansunrise.com/investors

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kuat Oraziman
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Caspian Sunrise PLC
b)	LEI	213800ODCON58VWIRS18
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 1p each
	Identification code	GB00B1W0VW36
b)	Nature of the transaction	Subscription in lieu of pay
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
	Purchase		3.2 pence	3,750,000
	Transfer Purchase
d)	Aggregated information
	- Aggregated volume	3,750,000
	- Aggregated Price	£120,000
e)	Date of the transaction	14 July 2020
f)	Place of the transaction	Off exchange

 

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