REG - Zenith Energy Ltd - Issue of Options & Advisory Committee Appointment
31/01/2022 14:25
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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") (LSE: ZEN; OSE: ZENA), the
listed international energy production and development company, is pleased to
announce that it has granted a total of 47,586,280 stock 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 equivalent 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 Tel: +1 (587) 315 9031
Andrea Cattaneo, Chief Executive Officer E: info@zenithenergy.ca (mailto:info@zenithenergy.ca)
Allenby Capital Limited - Financial Adviser & Broker Tel: + 44 (0) 203 328 5656
Nick Harriss
Nick Athanas
Celicourt Communications (Financial PR) Tel: +44 (0) 208 434 2643
Mark Antelme E: zenithenergy@celicourt.uk (mailto:zenithenergy@celicourt.uk)
Jimmy Lea
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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