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Caspian Sunrise plc (CASP)

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Tuesday 14 July, 2020

Caspian Sunrise plc

Directors Dealings and Salary & Fee Sacrifices

RNS Number : 9999S
Caspian Sunrise plc
14 July 2020
 

Capitalised terms have the same meaning as the Company's announcement released on 08/07/2020 unless the context dictates.

 

Caspian Sunrise PLC

("Caspian Sunrise" or the "Company")

 

Directors dealings and salary & fee sacrifices

 

Further to the Company's announcement Wednesday 8th July 2020, Caspian Sunrise has received confirmation that the 3,750,000 ordinary shares due to Kuat Oraziman in lieu of pay, (as outlined in such announcement), can be issued.

 

Shares in issue

 

Further to the announcement of Wednesday 8th July 2020, application will made to London Stock Exchange for the total 8,938,570 Consideration Shares to be admitted to trading on AIM ("Admission") and dealings in the new ordinary shares are expected to commence on or around 20 July 2020. The Consideration Shares will, when issued, rank pari passu in all respects, and carry the same rights as the existing Ordinary Shares. Following Admission the total number of ordinary shares in issue will be 1,891,599,455. This figure of 1,891,599,455 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

 

Caspian Sunrise PLC

 

Clive Carver

Executive Chairman  +7 727 375 0202

 

WH Ireland, Nominated Adviser & Broker

 

James Joyce  +44 (0) 207 220 1666

James Sinclair-Ford

 

This announcement has been posted to:

www.caspiansunrise.com/investors

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Kuat Oraziman

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive Officer

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

Caspian Sunrise PLC

b)

 

LEI

 

 

213800ODCON58VWIRS18

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 1p each



Identification code

GB00B1W0VW36



b)

 

Nature of the transaction

 

 

Subscription in lieu of pay

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)


Purchase


3.2 pence

3,750,000


Transfer Purchase




 

 




d)

 

Aggregated information




- Aggregated volume

3,750,000





- Aggregated Price

£120,000





e)

 

Date of the transaction

 

14 July 2020

f)

 

Place of the transaction

Off exchange

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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