Issuance of Stock Options

RNS Number : 1250N

Serinus Energy PLC

18 May 2020

 

18 May 2020

Press Release

Issuance of Stock Options

Jersey, Channel Islands, 18 May 2020 -- 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 1,750,000 share options to Mr. Andrew Fairclough, Chief Financial Officer of the Company, in accordance with his remuneration package, at a strike price of £0.09 per share.  Under the Company's Long Term Incentive Plan, one third of the options will vest on the award date, with a further one third vesting on the first anniversary and one third vesting on the second anniversary, and will expire on the tenth anniversary.

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 Jeffrey Auld, Chief Executive Officer Andrew Fairclough, Chief Financial Officer Calvin Brackman, Vice President, External Relations & Strategy	[phone]
WH Ireland Limited (Nominated Adviser and Joint Broker) Katy Mitchell Harry Ansell (Broker) Lydia Zychowska	[phone]
A rden Partners plc (Joint Broker) Paul Shackleton / Dan Gee-Summons (Corporate Finance) Fraser Marshall (Equity Sales)	[phone]
Camarco (Financial PR - London) Billy Clegg Owen Roberts	[phone]
TBT i Wspólnicy (Financial PR - Warsaw) Katarzyna Terej	[phone]

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	Det ails  of  the  person  discharging  managerial  responsibilities  /  person  closely associated Reason for thenotification
a)	Name		Andrew Fairclough
2	Re ason for thenotification
a)	Position/status		Chief Financial Officer
b)	I nitial notification /Amendment		Initial notification
3	Det ailsoftheissuer,  emissionallowancemarketparticipant,auctionplatform, auctioneerorauction monitor
a)	Na me			Serinus Energy Plc
b)	L E I			549300W183KUX62DVI32
4	Det ailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactions havebeen conducted
a)	De scriptionof  the financialinstrument,type ofinstrument I d e ntification code			Ordinary Shares of no par value   JE00BF4N9R98
b)	Na tureofthetransaction			Grant of options to senior executive
c)	Price(s) and volume(s)	PDMR Volume Strike price (GBP) Andrew Fairclough 1,750,000 £0.09
d)	A ggregated information -  A ggregated volume -  Price	PDMR Volume Total aggregate value at strike price (GBP) Andrew Fairclough 1,750,000 157,500
e)	Date of the transaction	2 April 2020
f)	Place of the transaction	Off Market

 

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