Award under Long-Term Incentive Plan
02/06/2023 15:53
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RNS Number : 5481B Serinus Energy PLC 02 June 2023
02 June 2023
Press Release
Award under Long-Term Incentive Plan
Jersey, Channel Islands, 02 June 2023 - Serinus Energy plc ("Serinus" or the
"Company") (AIM:SENX, WSE:SEN) announces that on 02 June 2023, the
Remuneration Committee has determined that under the terms of the Company's
Long Term Incentive Plan ("LTIP") it has granted its Persons Discharging
Managerial Responsibilities ("PDMRs") the following nil-cost share awards over
ordinary shares of £0.0560 each in the Company ("Shares") under the LTIP. The
number of shares under such awards is calculated based on a percentage of
salary and priced using the volume Weighted Average Price of the shares as
traded on the AIM Market of the London Stock Exchange for the five trading
days to 09 May 2023. The grants have no vesting conditions. The awards
granted are shown in the table below.
PDMRs Position No. of LTIP awards granted
Jeffrey Auld Chief Executive Officer 1,497,248
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 +44 204 541 7859
Jeffrey Auld, Chief Executive Officer
Calvin Brackman, Vice President, External Relations & Strategy
Shore Capital (Nominated Adviser & Broker) +44 207 408 4090
Toby Gibbs
John More
Rachel Goldstein
Camarco (Financial PR - London) +44 203 781 8334
Owen Roberts
Charlotte Hollinshead
TBT i Wspólnicy (Financial PR - Warsaw) +48 602 214 353
Katarzyna Terej
Forward Looking Statement Disclaimer
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.
Translation: This news release has been translated into Polish from the
English original.
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