REG - Serinus Energy PLC - Issue of Shares

Serinus EnergyAnnouncement

25/10/2024 07:00

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RNS Number : 5475J  Serinus Energy PLC  25 October 2024

25 October 2024

 

Press Release

Issue of Shares, Directors'/PDMR shareholdings and Total Voting Rights

Jersey, Channel Islands, 25 October 2024 - Serinus Energy plc (the "Company")
announces that on 23 October 2024, certain directors and senior managers were
collectively granted 6,065,781 ordinary shares of nil par value in the capital
of the Company (the "New Ordinary Shares") under the Company's long term
incentive plan (the "Plan"). Following this, on 24 October 2024, 2,450,000 New
Ordinary Shares were subsequently sold at 2.8 pence per share to satisfy tax
and National Insurance liabilities arising due to the grant of the New
Ordinary Shares under the Plan.

 

An application has been made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM, with dealings expected to commence on
29 October 2024 ("Admission").

 

Following Admission, each director and PDMR's new shareholding are outlined in
the table below:

 Director / Senior Manager  Position                 New shareholding  New shareholding as a %
 Jeffrey Auld               President & CEO          4,992,955         4.13%
 Vladislav Ryabov           Chief Financial Officer  645,427           0.53%
 Stuart Morrison            Chief Operating Officer  948,027           0.78%

 

Following Admission, the Company will have a total of 120,953,430 Ordinary
Shares in issue with no Ordinary Shares held in Treasury. Shareholders may use
this figure of 120,953,430 Ordinary Shares as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

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)

 Toby Gibbs                                                           +44 207 408 4090

 Lucy Bowden

 

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

 

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                                                         Jeffrey Auld

 2    Reason for the notification

 a)   Position/status                                              President and 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                                                         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

      Identification code                                          ISIN: JE00BNNMKT29

 b)   Nature of the transaction                                    1)   Grant of New Ordinary Shares under the Plan

                                                                   2)   Sale of New Ordinary Shares

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                 1)  NPV       1,984,533
                                                                   2)  2.8p         984,972
 d)   Aggregated information

                                                                   N/A - single transactions

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      1) 23 October 2024

                                                                   2) 24 October 2024
 f)   Place of the transaction                                     AIMX

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - single transactions

e)

 

Date of the transaction

 

1) 23 October 2024

2) 24 October 2024

f)

Place of the transaction

AIMX

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Vladislav Ryabov

 2    Reason for the notification

 a)   Position/status                                              Chief Financial Officer

 b)   Initial notification /Amendment                              Initial notification

 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

      Identification code                                          ISIN: JE00BNNMKT29

 b)   Nature of the transaction                                    1)   Grant of New Ordinary Shares under the Plan

                                                                   2)   Sale of New Ordinary Shares

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                 1)  NPV       848,828
                                                                   2)  2.8p      381,973
 d)   Aggregated information

                                                                   N/A - single transactions

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      1) 23 October 2024

                                                                   2) 24 October 2024
 f)   Place of the transaction                                     AIMX

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - single transactions

e)

 

Date of the transaction

 

1) 23 October 2024

2) 24 October 2024

f)

Place of the transaction

AIMX

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Stuart Morrison

 2    Reason for the notification

 a)   Position/status                                              Chief Operating Officer

 b)   Initial notification /Amendment                              Initial notification

 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

      Identification code                                          ISIN: JE00BNNMKT29

 b)   Nature of the transaction                                    1)   Grant of New Ordinary Shares under the Plan

                                                                   2)   Sale of New Ordinary Shares

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                 1)  NPV       1,492,616
                                                                   2)  2.8p         671,677
 d)   Aggregated information

                                                                   N/A - single transactions

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      1) 23 October 2024

                                                                   2) 24 October 2024
 f)   Place of the transaction                                     AIMX

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - single transactions

e)

 

Date of the transaction

 

1) 23 October 2024

2) 24 October 2024

f)

Place of the transaction

AIMX

 

 

 

 

 

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