REG - Zenith Energy Ltd - Grant of Stock Options

Zenith EnergyAnnouncement

21/02/2025 07:00

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RNS Number : 9420X  Zenith Energy Ltd  21 February 2025

February 21, 2025

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Grant of Stock Options

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTC
PINK: ZENAF), the listed international energy production and development
company, is pleased to announce that it has granted a total of 27,183,142
stock options (the "Options") to certain Directors and employees of the
Company in accordance with the Company's Stock Option Plan.

The Options have an exercise price of NOK 1.26 per Option (approximately
equivalent to £0.09), are fully vested and have a duration of five years from
the date of issue.

Further Information:

 

 

 

 Zenith Energy Ltd

 Andrea Cattaneo, Chief Executive Officer

                                             Tel: +1 (587) 315 1279

                                             E:        info@zenithenergy.ca (mailto:info@zenithenergy.ca)

 

 

Notes to Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with
energy production, exploration and development assets in North Africa, the US
and Europe. The Company is listed on the London Stock Exchange Main Market
(LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and
the Pink Markets of the OTC (OTC PINK: ZENAF).

Zenith's strategic focus is on pursuing development opportunities through the
development of proven revenue generating energy production assets, as well as
low-risk exploration activities in assets with existing production.

 

For more information, please visit: www.zenithenergy.ca
(http://www.zenithenergy.ca)

Twitter: @zenithenergyltd

LinkedIn: https://bit.ly/3A5PRJb (https://bit.ly/3A5PRJb)

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.

 

 

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 for common shares of no par value in Zenith Energy Ltd.

      Identification code                                          CA98936C8584
 b)   Nature of the transaction                                    Grant of Stock Options in accordance with Stock Option Plan
 c)   Price(s) and volumes(s)                                      Price(s)                            Volume(s)
      NOK 1.26                                                                                         13,047,909

 d)   Date of the transaction(s)                                   February 20, 2025
 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 and 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 for common shares of no par value in Zenith Energy Ltd.

      Identification code                                          CA98936C8584
 b)   Nature of the transaction                                    Grant of Stock Options in accordance with Stock Option Plan
 c)   Price(s) and volumes(s)                                      Price(s)                            Volume(s)
      NOK 1.26                                                                                         3,941,555

 d)   Date of the transaction(s)                                   February 20, 2025
 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 for common shares of no par value in Zenith Energy Ltd.

      Identification code                                          CA98936C8584
 b)   Nature of the transaction                                    Grant of Stock Options in accordance with Stock Option Plan
 c)   Price(s) and volumes(s)                                      Price(s)                            Volume(s)
      NOK 1.26                                                                                         1,902,820

 d)   Date of the transaction(s)                                   February 20, 2025
 e)   Place of the transaction                                      Off Market

 

 

 

 

 

 

  1   Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Sergey Borovskiy Alexandrovich

 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 for common shares of no par value in Zenith Energy Ltd.

      Identification code                                          CA98936C8584
 b)   Nature of the transaction                                    Grant of Stock Options in accordance with Stock Option Plan
 c)   Price(s) and volumes(s)                                      Price(s)                            Volume(s)
      NOK 1.26                                                                                         1,902,820

 d)   Date of the transaction(s)                                   February 20, 2025
 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 for common shares of no par value in Zenith Energy Ltd.

      Identification code                                          CA98936C8584
 b)   Nature of the transaction                                    Grant of Stock Options in accordance with Stock Option Plan
 c)   Price(s) and volumes(s)                                      Price(s)                            Volume(s)
      NOK 1.26                                                                                         1,902,820

 d)   Date of the transaction(s)                                   February 20, 2025
 e)   Place of the transaction                                      Off Market

 

 

 

 

 

 

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