Director/PDMR Shareholding

RNS Number : 9544O

Trinity Exploration & Production

25 August 2017

 

Trinity Exploration & Production plc

("Trinity" or the "Company")

Director/PDMR shareholding

Trinity (AIM: TRIN), the leading independent E&P company focused on Trinidad and Tobago, announces that James Menzies, Non-Executive Director, made the following share purchase:

Date purchased	Price	Volume(s)
24 August 2017	11p	250,000

Following this purchase, Mr Menzies is interested in 500,000 Ordinary shares in the Company representing 0.18 per cent of the issued share capital (voting rights), of the Company as per the following table:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Menzies
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	Trinity Exploration & Production plc
b)	LEI	N/A
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 USD 0.01 per share par value
	Identification code	GB00B8JG4R91
b)	Nature of the transaction	Acquisition of shares
c)	Price(s) and volume(s)
			Date purchased	Price(s)	Volume(s)
			24 August 2017	250,000	11p
d)	Aggregated information
	- Aggregated volume	250,000  shares acquired at 11p a share
	- Price
e)	Date of the transaction	24 August 2017
f)	Place of the transaction	London Stock Exchange, AIM

For further information please visit: www.trinityexploration.com  or contact:

Trinity Exploration & Production	Tel: [phone]
Bruce Dingwall, Executive Chairman
Tracy Mackenzie, Head of Corporate Development
SPARK Advisory Partners Limited (Nominated & Financial Adviser)	Tel: [phone]
Mark Brady
Miriam Greenwood
Sean Wyndham-Quin
Cantor Fitzgerald Europe (Broker)	Tel: [phone]
David Porter
Sebastien Maurin
Craig Francis
Walbrook PR Limited	[e-mail] or Tel: [phone]
Nick Rome

About Trinity

Trinity is an independent oil and gas exploration and production company focused solely on Trinidad and Tobago.  Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth.  The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2016 was 21.3 mmbbls (excluding the Guapo-1 license which was disposed of in April 2016). Group 2C contingent resources are estimated to be 21.1 mmbbls. The Group's overall 2P plus 2C volumes are therefore 42.3 mmbbls.

Trinity is quoted on the AIM market of the London Stock Exchange under the ticker TRIN.

 

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