Director/PDMR Shareholding

RNS Number : 7343R

Trinity Exploration & Production

25 September 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 Angus Winther, Non-Executive Director, made the following share purchase:

Date purchased	Price	Volume(s)
25 September 2017	12.25p	408,163

Following this purchase, Mr Winther is interested in 23,065,178 Ordinary shares in the Company representing 8.16 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	Angus Winther
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)
			25 September 2017	408,163	12.25p
d)	Aggregated information
	- Aggregated volume	408,163 shares acquired at 12.25p a share
	- Price
e)	Date of the transaction	25 Septermber 2017
f)	Place of the transaction	London Stock Exchange, AIM

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

Trinity Exploration & Production Bruce Dingwall, Executive Chairman Jeremy Bridglalsingh, Chief Financial Officer Tel: [phone] SPARK Advisory Partners Limited (NOMAD & Financial Adviser) Mark Brady Miriam Greenwood James Keeshan Tel: [phone] Cantor Fitzgerald Europe (Broker) David Porter Sebastien Maurin Tel: [phone] Whitman Howard Limited (Equity Advisor) Nick Lovering Tel: [phone] Walbrook PR Limited Nick Rome [e-mail] or Tel: [phone]

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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