Issue of Options & Advisory Committee Appointment

RNS Number : 1892A
Zenith Energy Ltd
31 January 2022
 

January 31, 2022                                                                                                                                

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Issue of Stock Options & New Appointment to Advisory Committee

Zenith Energy Ltd. ("Zenith" or the "Company") (LSEZEN; OSE: ZENA),   the listed international energy production and development company, is pleased to announce that it has granted a total of 47,586,280 s tock options (the "Options") to   certain Directors, Advisory Committee members and employees of the Company in accordance with the Company's Stock Option Plan. 

 

The Options have an exercise price of NOK 0.11 per Option (approximately   e quivalent to £0.009), are fully vested, and have the duration of five years from the date of granting. 

 

Appointment to Advisory Committee

 

The Company is pleased to announce the appointment of Mr. Bjørn Ursin-Holm to its Advisory Committee.

 

Mr. Ursin-Holm is a Norwegian national with more than 40 years' experience in the oil and gas industry, having held senior leadership roles in multiple companies operating in Africa, the Middle East, and the FSU.

 

He currently serves as Chairman of Vision of Energy AS, a boutique Norwegian oil and gas advisory company, as well as serving as Chairman of Boudicca Exploration and Production Ltd. 

 

Andrea Cattaneo, Chief Executive Officer, commented:

 

"We are delighted to welcome Mr. Ursin-Holm, a highly experienced Norwegian geophysicist with many decades of experience in senior leadership positions across the world, including Africa, to our Advisory Committee.

 

Our Advisory Committee provides an extremely valuable contribution in reviewing and optimising the Company's strategic direction, as well as introducing Zenith to potential new business development opportunities and oilfield service providers for our energy production portfolio ."

 

 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

   

 

 

Further Information: 

Zenith Energy Ltd 

Andrea Cattaneo, Chief Executive Officer

Tel: +1 (587) 315 9031


E:  info@zenithenergy.ca

Allenby Capital Limited - Financial Adviser & Broker 

Nick Harriss

Nick Athanas

Tel: + 44 (0) 203 328 5656

Celicourt Communications (Financial PR) 

Mark Antelme 

Jimmy Lea

Tel: +44 (0) 208 434 2643

E:  zenithenergy@celicourt.uk

 

 

Notes to Editors            

Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).

Zenith's development strategy is to identify and rapidly complete value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 

 

 1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Andrea Cattaneo

 

2

Reason for the notification

 

a)

Position/status

Chief Executive Officer & President 

 

b)

Initial notification/Amendment

Initial Notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

Zenith Energy Ltd.

 

b)

LEI

213800AYTYOYD61S4569 

 

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

 

Options to acquire common shares of no par value in Zenith Energy Ltd. 

 

 

 

Identification code

CA98936C1068

 

b)

Nature of the transaction

Issue of Stock Options 

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

NOK 0.11

13,328,859

 

 

d)

Date of the transaction(s)

January 31, 2022

 

e)

Place of the transaction

 Off Market 

 

 

 

 1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Luca Benedetto  

 

2

Reason for the notification

 

a)

Position/status

Chief Financial Officer, 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

Zenith Energy Ltd.

 

b)

LEI

213800AYTYOYD61S4569 

 

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

 

Options to acquire common shares of no par value in Zenith Energy Ltd. 

 

 

 

Identification code

CA98936C1068

 

b)

Nature of the transaction

Issue of Stock Options 

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

NOK 0.11

 8,089,668

 

d)

Date of the transaction(s)

January 31, 2022

 

e)

Place of the transaction

 Off Market 

 

 

 

 1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Dario Sodero   

 

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

Zenith Energy Ltd.

 

b)

LEI

213800AYTYOYD61S4569 

 

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

 

Options to acquire common shares of no par value in Zenith Energy Ltd. 

 

 

 

Identification code

CA98936C1068

 

b)

Nature of the transaction

Issue of Stock Options 

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

NOK 0.11

 4,791,938

 

d)

Date of the transaction(s)

January 31, 2022

 

e)

Place of the transaction

 Off Market 

 

 

 

 

 

 1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Sergey Borovskiy

 

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

Zenith Energy Ltd.

 

b)

LEI

213800AYTYOYD61S4569 

 

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

 

Options to acquire common shares of no par value in Zenith Energy Ltd. 

 

 

 

Identification code

CA98936C1068

 

b)

Nature of the transaction

Issue of Stock Options 

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

NOK 0.11

 4,791,938

 

d)

Date of the transaction(s)

January 31, 2022

 

e)

Place of the transaction

 Off Market 

 

 

 

 

 1

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

José Ramón López Portillo

 

2

Reason for the notification

 

a)

Position/status

Non-Executive Director, Chairman

 

b)

Initial notification/Amendment

Initial Notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

Zenith Energy Ltd.

 

b)

LEI

213800AYTYOYD61S4569 

 

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

 

Options to acquire common shares of no par value in Zenith Energy Ltd. 

 

 

 

Identification code

CA98936C1068

 

b)

Nature of the transaction

Issue of Stock Options 

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

NOK 0.11

 4,791,938

 

d)

Date of the transaction(s)

January 31, 2022

 

e)

Place of the transaction

 Off Market 

 

 

 

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