Director Dealing - Issue of Stock Options

RNS Number : 4391J

Serinus Energy PLC

04 December 2018

 

SERINUS ENERGY PLC

Director Dealing - Issue of Stock Options

Jersey, Channel Islands, December 4, 2018 -- Serinus Energy plc ("Serinus", "SEN" or the "Company") (AIM:SENX, WSE:SEN), announces that the Company's Board of Directors have approved the granting of 6,203,000 stock options to senior executives and staff employees of the of the Company at a strike price of £0.1475 per share option. Certain persons discharging managerial responsibilities were recipients of stock option as detailed at the end of this announcement.

About Serinus

Serinus is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania.

For further information, please refer to the Serinus website (www.serinusenergy.com) or contact the following:

Serinus Energy plc                                                     [phone]

Jeffrey Auld, Chief Executive Officer

Calvin Brackman, Vice President, External Relations & Strategy

Numis Securities Limited                                           [phone]

(Nominated Adviser and Joint Broker)

John Prior

Paul Gillam

Ben Stoop

GMP FirstEnergy                                                        [phone]

(Joint Broker)

Hugh Sanderson

Jonathan Wright

Camarco                                                                     [phone]
(Financial PR - London)
Billy Clegg
Owen Roberts

TBT i Wspólnicy                                                         [phone] 

(Financial PR - Warsaw)

Piotr Talarek

Translation: This news release has been translated into Polish from the English original.

Forward-looking Statements This release may contain forward-looking statements made as of the date of this announcement with respect to future activities that either are not or may not be historical facts. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable as of the date hereof, any potential results suggested by such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.  Various factors that could impair or prevent the Company from completing the expected activities on its projects include that the Company's projects experience technical and mechanical problems, there are changes in product prices, failure to obtain regulatory approvals, the state of the national or international monetary, oil and gas, financial , political and economic markets in the jurisdictions where the Company operates and other risks not anticipated by the Company or disclosed in the Company's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties and actual results may vary materially from those expressed in the forward-looking statement. The Company undertakes no obligation to revise or update any forward-looking statements in this announcement to reflect events or circumstances after the date of this announcement, unless required by law.

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated Reason for the notification
a)	Name		Jeffrey Auld Tracy Heck Calvin Brackman Alexandra Damascan
2	Reason for the notification
a)	Position/status		Jeffrey Auld (Chief Executive Officer) Tracy Heck (Chief Financial Officer) Calvin Brackman (VP, External Relations & Strategy) Alexandra Damascan (President, Serinus Energy Romania)
b)	Initial notification /Amendment		Initial Notification
3	Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name			Serinus Energy Plc
b)	LEI			549300W183KUX62DVI32
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 no par value   JE00BF4N9R98
b)	Nature of the transaction			Grant of options to senior executives
c)	Price(s) and volume(s)	PDMR Volume Strike price (GBP) Jeffrey Auld 2,500,000 0.1475 Tracy Heck 2,200,000 0.1475 Calvin Brackman 700,000 0.1475 Alexandra Damascan 230,000 0.1475
d)	Aggregated information - Aggregated volume - Price	PDMR Volume Total aggregate value at strike price (GBP) Jeffrey Auld 2,500,000 368,750 Tracy Heck 2,200,000 324,500 Calvin Brackman 700,000 103,250 Alexandra Damascan 230,000 33,925
e)	Date of the transaction	03 December 2018
f)	Place of the transaction	Off Market

 

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