REG - Zenith Energy Ltd - Grant of Stock Options

Zenith EnergyAnnouncement

27/02/2026 07:00

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RNS Number : 6266U  Zenith Energy Ltd  27 February 2026

February 27, 2026

 

 

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Grant of Stock Options

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; XSAT:
ZENA SDR), the listed international energy production and development company,
announces that it has granted a total of 29,031,131 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 0.44 per Option (approximately
equivalent to £0.034 or 0.42 SEK), 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 on the Spotlight Stock Market in Sweden (XSAT: ZENA SDR).
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
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 0.44                                                                                        16,838,056
 d)  Date of the transaction(s)                                   February 27, 2026
 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 0.44                                                                                        2,903,113
 d)  Date of the transaction(s)                                   February 27, 2026
 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 0.44                                                                                        1,451,557
 d)  Date of the transaction(s)                                   February 27, 2026
 e)  Place of the transaction                                     Off Market

 

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