SENX Serinus Energy Plc

TIDMSENX

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 
  Jeffrey Auld, Chief Executive Officer 
  Calvin Brackman, Vice President, External 
  Relations & Strategy                            +4 4 204 541 7859 
 
 
   Shore Capital (Nominated Adviser & Broker) 
   Toby Gibbs 
   Lucy Bowden                                     +44 207 408 4090 
 
 Camarco (Financial PR - London) 
  Owen Roberts                                     +44 203 781 8334 
 
 RES Consulting (Financial PR - Warsaw) 
  Katarzyna Terej                                   +48 602 214 353 
 

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    Det ails of the person discharging m anagerial responsibilities 
       / person closely associated Reason for the notification 
 a)   Name                         Jeffrey Auld 
     ---------------------------  ------------------------------------------ 
 2    Re ason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     ---------------------------  ------------------------------------------ 
 b)   I nitial notification         Initial Notification 
       /Amendment 
     ---------------------------  ------------------------------------------ 
 3    Det ails of the issuer, e mission allow ance m a rket participant, 
       auct ion plat for m, auctioneer or auc tion monitor 
     ----------------------------------------------------------------------- 
 a)   Na me                        Serinus Energy Plc 
     ---------------------------  ------------------------------------------ 
 b)   L E I                        549300W183KUX62DVI32 
     ---------------------------  ------------------------------------------ 
 4    Det ails of the t ransact ion(s): section to be re p eated 
       for ( i) e a ch type of instrum ent; (ii) each type of transac 
       tion; (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------- 
 a)   De scription of the 
       financial instrument,          Ordinary Shares of no par value 
       t ype of instrument 
 
 
       I d e ntification              JE00BF4N9R98 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Na ture of the transa        Exercise of Options to receive Ordinary 
       ction                        Shares 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and 
       volume (s)                   Strike price     Volume 
                                    2.0 pence per 
                                     share           350,000 
                                                    -------- 
     -------------------------  -------------------------------------------- 
 d)     A ggr e g 
         ated in formation             N/A (single transaction) 
 
         - A ggr e 
         g ated volume 
 
         - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the                21 September 2023 
       transaction 
     -------------------------  -------------------------------------------- 
 f)   Place of the               Outside of a trading venue 
       transaction 
     -------------------------  -------------------------------------------- 
 
 

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END

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September 22, 2023 02:00 ET (06:00 GMT)

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