TIDMPTR

RNS Number : 7008W

Petroneft Resources PLC

18 April 2019

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                   David Sturt 
     -------------------------------------  ---------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------- 
 a)   Position/status                        Chief Executive Officer / PDMR 
     -------------------------------------  ---------------------------------------------------- 
 b)   Initial notifications                  Initial notification 
       /Amendments 
     -------------------------------------  ---------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------------------- 
 a)   Name                                   Petroneft Resources plc 
     -------------------------------------  ---------------------------------------------------- 
 b)   LEI                                    635400ELL1JOR1Y5IC41 
     -------------------------------------  ---------------------------------------------------- 
 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                         Ordinary shares of EUR0.01 each 
       the financial 
       instrument, type 
       of instrument                          IE00B0Q82B24 
       Identification 
       code 
     -------------------------------------  ---------------------------------------------------- 
 b)   Nature of the                          Issue of Ordinary Shares as settlement of 
       transactions                           previously accrued fees in role as Non-Director 
     -------------------------------------  ---------------------------------------------------- 
 c)   Price(s) and volume(s)                          Price(s)                  Volume(s) 
                                                     GBP0.01125                  3,413,390 
     -------------------------------------  ---------------------------  ----------------------- 
 d)   Aggregated information 
       - Aggregated volume                     N/A 
       - Price 
     -------------------------------------  ---------------------------------------------------- 
 e)   Date of the transactions               16.04.2019 
     -------------------------------------  ---------------------------------------------------- 
 f)   Place of the transactions              Outside of a trading venue 
     -------------------------------------  ---------------------------------------------------- 
 g)   Additional Information                 The Company owed Mr Sturt accrued fees totalling 
                                              EUR44,806 from his time as non-executive 
                                              Director of the company up until his appointment 
                                              as CEO on 25th March 2019. At Mr Sturt's 
                                              request the company has settled this debt 
                                              by providing shares instead of in cash at 
                                              based on the weighted average share price 
                                              for the five days prior to his commencement 
                                              as CEO (1.1125p/share) with the total issued 
                                              to him being 3,413,390. 
===  =====================================  ====================================================

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END

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April 18, 2019 12:47 ET (16:47 GMT)

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