Director/PDMR Shareholding

RNS Number : 8637Y

Trinity Exploration & Production

08 December 2017

 

Trinity Exploration & Production plc

("Trinity" or 'the Group' or "the Company")

PDMR Dealings

Trinity (AIM: TRIN), the leading independent E&P company focused on Trinidad and Tobago, announces that James Menzies, non-executive director, purchased 175,000 shares in the Company at a price of 14.9p per share.

Following this transaction, Mr Menzies is interested in 675,000 Ordinary shares in the Company representing 0.24 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
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trinity Exploration & Production plc
b)	Legal Entity Identifier	213800WHW7571LAEDG63
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 Identification code	Ordinary shares of USD 0.01 per share par value GB00B8JG4R91
b)	Nature of the transaction	Purchase
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		0.149	175,000
e)	Aggregated information - Aggregated volume - Aggregated price - Aggregated total	175,000 £26,075 £26,075
f)	Date of the transaction	8.12.2017
g)	Place of the transaction	London Stock Exchange, AIM

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

Trinity Exploration & Production Bruce Dingwall CBE, 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 Adviser) 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 2015 was 20.9 MMbbls (excluding the Guapo-1 license which was disposed of in April 2016). Group 2C contingent resources are estimated to be 19.8 MMbbls. The Group's overall 2P plus 2C volumes are therefore 40.7 MMbbls.

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

 

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