TIDMZEN
RNS Number : 1892A
Zenith Energy Ltd
31 January 2022
January 31, 2022
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Issue of Stock Options & New Appointment to Advisory
Committee
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA), the listed international energy production and development
company, is pleased to announce that it has granted a total of
47,586,280 s tock options (the "Options") to certain Directors,
Advisory Committee members and employees of the Company in
accordance with the Company's Stock Option Plan.
The Options have an exercise price of NOK 0.11 per Option
(approximately e quivalent to GBP0.009), are fully vested, and have
the duration of five years from the date of granting.
Appointment to Advisory Committee
The Company is pleased to announce the appointment of Mr. Bjørn
Ursin-Holm to its Advisory Committee.
Mr. Ursin-Holm is a Norwegian national with more than 40 years'
experience in the oil and gas industry, having held senior
leadership roles in multiple companies operating in Africa, the
Middle East, and the FSU.
He currently serves as Chairman of Vision of Energy AS, a
boutique Norwegian oil and gas advisory company, as well as serving
as Chairman of Boudicca Exploration and Production Ltd.
Andrea Cattaneo, Chief Executive Officer, commented:
"We are delighted to welcome Mr. Ursin-Holm, a highly
experienced Norwegian geophysicist with many decades of experience
in senior leadership positions across the world, including Africa,
to our Advisory Committee.
Our Advisory Committee provides an extremely valuable
contribution in reviewing and optimising the Company's strategic
direction, as well as introducing Zenith to potential new business
development opportunities and oilfield service providers for our
energy production portfolio ."
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.
Further Information:
Zenith Energy Ltd Tel: +1 (587) 315 9031
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
Allenby Capital Limited - Financial Tel: + 44 (0) 203 328 5656
Adviser & Broker
Nick Harriss
Nick Athanas
------------------------------
Celicourt Communications (Financial Tel: +44 (0) 208 434 2643
PR) E: zenithenergy@celicourt.uk
Mark Antelme
Jimmy Lea
------------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production
company, listed on the London Stock Exchange (LSE:ZEN) and the
Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly
complete value-accretive hydrocarbon production opportunities in
the oil & gas sector, specifically in Africa.
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 Options to acquire common shares of
instrument, type no par value in Zenith Energy Ltd.
of instrument
----------------------------------------- -----------------------------------------
Identification CA98936C1068
code
----------------------------------------- -----------------------------------------
b) Nature of the Issue of Stock Options
transaction
----------------------------------------- -----------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
----------------------------------------- ------------------ ---------------------
NOK
0.11 13,328,859
----------------------------------------------------------------- ---------------------
d) Date of the transaction(s) January 31, 2022
----------------------------------------- -----------------------------------------
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, 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 Options to acquire common shares of
instrument, type no par value in Zenith Energy Ltd.
of instrument
--------------------------------------- -----------------------------------------
Identification CA98936C1068
code
--------------------------------------- -----------------------------------------
b) Nature of the Issue of Stock Options
transaction
--------------------------------------- -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
--------------------------------------- ------------------- --------------------
NOK
0.11 8,089,668
---------------------------------------------------------------- --------------------
d) Date of the transaction(s) January 31, 2022
--------------------------------------- -----------------------------------------
e) Place of the Off Market
transaction
--------------------------------------- -----------------------------------------
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 Options to acquire common shares of
instrument, type no par value in Zenith Energy Ltd.
of instrument
--------------------------------------- -----------------------------------------
Identification CA98936C1068
code
--------------------------------------- -----------------------------------------
b) Nature of the Issue of Stock Options
transaction
--------------------------------------- -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
--------------------------------------- ------------------- --------------------
NOK
0.11 4,791,938
---------------------------------------------------------------- --------------------
d) Date of the transaction(s) January 31, 2022
--------------------------------------- -----------------------------------------
e) Place of the Off Market
transaction
--------------------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sergey Borovskiy
--------------------------------------- -----------------------------------------
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 Options to acquire common shares of
instrument, type no par value in Zenith Energy Ltd.
of instrument
--------------------------------------- -----------------------------------------
Identification CA98936C1068
code
--------------------------------------- -----------------------------------------
b) Nature of the Issue of Stock Options
transaction
--------------------------------------- -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
--------------------------------------- ------------------- --------------------
NOK
0.11 4,791,938
---------------------------------------------------------------- --------------------
d) Date of the transaction(s) January 31, 2022
--------------------------------------- -----------------------------------------
e) Place of the Off Market
transaction
--------------------------------------- -----------------------------------------
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 Options to acquire common shares of
instrument, type no par value in Zenith Energy Ltd.
of instrument
--------------------------------------- --------------------------------------------
Identification CA98936C1068
code
--------------------------------------- --------------------------------------------
b) Nature of the Issue of Stock Options
transaction
--------------------------------------- --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volumes(s)
--------------------------------------- -------------------- ----------------------
NOK
0.11 4,791,938
----------------------------------------------------------------- ----------------------
d) Date of the transaction(s) January 31, 2022
--------------------------------------- --------------------------------------------
e) Place of the Off Market
transaction
--------------------------------------- --------------------------------------------
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END
DSHMZGFMDMLGZZM
(END) Dow Jones Newswires
January 31, 2022 09:20 ET (14:20 GMT)
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