REG - Sterling Energy PLC - PDMR Dealings

AfentraAnnouncement

23/04/2019 15:25

RNS Number : 8414W
Sterling Energy PLC
23 April 2019
 


 
 
 
STERLING ENERGY PLC
 
PDMR Dealings
 
Sterling Energy Plc ("Sterling" or the "Company"), the AIM listed oil and gas exploration company with a high potential exploration asset in Somaliland and an active strategy to deliver shareholder value through disciplined, exploration and production projects, announces that Waterford Finance & Investment Limited, (an entity owned by the Kroupeev Family Trust which Michael Kroupeev, non-executive chairman is a beneficiary of), sold 500,000 ordinary shares on 18 April 2019 of £0.10 each in the Company at 11.6 pence per share. As a result of this trade, Michael Kroupeev is now beneficially interested in 64,315,517 shares, representing approximately 29.2% of the Company's issued share capital.
 



1.         


Details of the person discharging managerial responsibilities / person closely associated




a.         


Name


Michael Kroupeev




2.         


Reason for the notification




a.         


Position/status


Non-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


Sterling Energy Plc




b.         


LEI


21380028BFDFJK8BRX92




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 £0.10 per share par value
 
 
GB00B4X3Q493




b.         


Nature of the transaction


Disposal of Shares




c.         


Price(s) and volume(s)


 



Price(s)


Volume(s)




11.6p


500,000



 




d.         


Aggregated information
·      Aggregated volume
·      Price
 


 
500,000
11.6p




e.         


Date of the transaction


18 April 2019




f.         


Place of the transaction


London Stock Exchange, AIM
 



 
 



Sterling Energy Plc


Tel: +44 (0) 20 7405 4133




David Marshall, Chief Executive Officer
Michael Kroupeev (Chairman)


















Peel Hunt LLP


Tel: +44 (0) 20 7418 8900




Richard Crichton
James Bavister
 
www.sterlingenergyplc.com                     
 


 
 
 
Ticker Symbol: SEY



 




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