REG - Serinus Energy PLC - Director/PDMR Exercise of Options

Serinus EnergyAnnouncement

22/09/2023 07:00

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RNS Number : 2857N  Serinus Energy PLC  22 September 2023

22 September 2023

 

Press Release

Director/PDMR Exercise of Options

Jersey, Channel Islands, 22 September 2023 -- Serinus Energy plc ("the
Company") reports that its Chief Executive Officer, Jeffrey Auld, exercised
share options representing 350,000 common shares at a price of 2.0 pence in
the Company ("Common Shares") on September 21, 2023. Following the purchase,
Mr. Auld's total shareholding in the Company comprises 1,338,875 Ordinary
Shares, representing 1.1738% per cent of the Issued Share Capital of the
Company.

 

The share options exercised were issued in 2016 in accordance with the
Company's shareholder approved stock option plan and were set to expire on
September 22, 2023.

 

Shares will be issued from Treasury.  Immediately following Admission, the
Company's issued share capital will consist of 114,066,073 Common Shares. The
Company currently holds 2,011,515 Common Shares in treasury. This figure may
be used by shareholders to determine if they are required to notify their
interest in, or a change to their interest in, the Company.

 

The notifications below, made in accordance with the requirements of the UK
Market Abuse Regulation, provide further detail on the above transactions.

 

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

 Lucy Bowden

 Camarco (Financial PR - London)                                      +44 203 781 8334

 Owen Roberts

 RES Consulting (Financial PR - Warsaw)                               +48 602 214 353

 Katarzyna Terej

 

Translation: This news release has been translated into Polish from the
English original.

Forward-looking Statements 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.

 

 1   Details  of  the  person  discharging  managerial  responsibilities  /
      person  closely associated Reason for the notification
 a)  Name                                                                  Jeffrey Auld
 2   Reason for the notification
 a)  Position/status                                                       Chief Executive Officer
 b)  Initial notification                                                   Initial Notification

     /Amendment

 3   Details of the issuer,  emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                                  Serinus Energy Plc
 b)  LEI                                                                   549300W183KUX62DVI32
 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 no par value

     Identification code

                                                                            JE00BF4N9R98

 b)  Nature of the transaction                                             Exercise of Options to receive Ordinary Shares

 c)  Price(s) and volume(s)

Strike price         Volume
                                           2.0 pence per share  350,000

 

 d)  Aggregated information

                                           N/A (single transaction)

     -         Aggregated volume

     -       Price
 e)  Date of the transaction               21 September 2023
 f)  Place of the transaction              Outside of a trading venue

 

 

d)

Aggregated information

 

-         Aggregated volume

 

-       Price

 

N/A (single transaction)

e)

Date of the transaction

21 September 2023

f)

Place of the transaction

Outside of a trading venue

 

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