Director/PDMR Shareholding

RNS Number : 7071U

Trinity Exploration & Production

16 July 2018

 

16 July 2018

Trinity Exploration & Production plc
("Trinity" or the "Company")

Director/PDMR shareholdings

Trinity (AIM: TRIN), the leading independent E&P company focused on Trinidad and Tobago, announces that as part of the recent $20 million fundraising (the "Fundraising") announced on 25 June 2018, certain Directors and their connected parties participated in the Subscription, which formed part of the Fundraising. 

Further details of the Directors' subscriptions, and the subsequent shareholdings of the Directors and the David and Christina Segel Living Trust, are set out in the table below:

Director	Number of existing Ordinary Shares	Number of Subscription Shares subscribed for pursuant to the Subscription	Total Ordinary Shares held immediately following Admission	% of Enlarged Share Capital immediately following the Fundraising
Bruce Dingwall	12,215,498	1,270,616	13,486,114	3.51%
Jeremy Bridglalsingh	80,000	127,062	207,062	0.05%
Angus Winther	23,065,178	6,610,466	29,675,644	7.73%
James Menzies	675,000	300,000	975,000	0.25%
David and Christina Segel Living Trust	33,917,256	6,610,466	40,527,722	10.55%

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bruce Dingwall
2	Reason for the notification
a)	Position/status	Executive Chairman
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	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	Ordinary shares of USD 0.01 per share par value
	Identification code	GB00B8JG4R91
b)	Nature of the transaction	Subscription
c)	Price(s) and volume(s)
			Date purchased	Price(s)	Volume(s)
			12 July 2018	15p	1,270,616
d)	Aggregated information
	- Aggregated volume	1,270,616 Ordinary shares
	- Price	15p per Ordinary share
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jeremy Bridglalsingh
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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	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	Ordinary shares of USD 0.01 per share par value
	Identification code	GB00B8JG4R91
b)	Nature of the transaction	Subscription
c)	Price(s) and volume(s)
			Date purchased	Price(s)	Volume(s)
			12 July 2018	15p	127,062
d)	Aggregated information
	- Aggregated volume	127,062 Ordinary shares
	- Price	15 pence per share
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London Stock Exchange, AIM

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 Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trinity Exploration & Production plc
b)	LEI	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	Ordinary shares of USD 0.01 per share par value
	Identification code	GB00B8JG4R91
b)	Nature of the transaction	Subscription
c)	Price(s) and volume(s)
			Date purchased	Price(s)	Volume(s)
			12 July 2018	15p	300,000
d)	Aggregated information
	- Aggregated volume	300,000 Ordinary shares
	- Price	15p per Ordinary share
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London Stock Exchange, AIM

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	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	Ordinary shares of USD 0.01 per share par value
	Identification code	GB00B8JG4R91
b)	Nature of the transaction	Subscription
c)	Price(s) and volume(s)
			Date purchased	Price(s)	Volume(s)
			12 July 2018	15p	6,610,466
d)	Aggregated information
	- Aggregated volume	6,610,466 Ordinary shares
	- Price	15p per Ordinary share
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Segel (David and Christina Segel Living Trust)
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	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	Ordinary shares of USD 0.01 per share par value
	Identification code	GB00B8JG4R91
b)	Nature of the transaction	Subscription
c)	Price(s) and volume(s)
			Date purchased	Price(s)	Volume(s)
			12 July 2018	15p	6,610,466
d)	Aggregated information
	- Aggregated volume	6,610,466 Ordinary shares
	- Price	15p a share
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London Stock Exchange, AIM

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

Trinity Exploration & Production plc	[phone]
Bruce Dingwall CBE, Executive Chairman Jeremy Bridglalsingh, Chief Financial Officer Tracy Mackenzie, Corporate Development Manager
SPARK Advisory Partners Limited (Nominated Adviser and Financial Adviser)	[phone]
Mark Brady Miriam Greenwood Andrew Emmott
Cenkos Securities PLC (Broker)
Joe Nally (Corporate Broking) Neil McDonald Beth McKiernan Derrick Lee	[phone] [phone]
Whitman Howard Limited (Equity Adviser)	[phone]
Hugh Rich
Nick Lovering
Walbrook PR Limited	[phone]
Nick Rome	[e-mail]

 

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