04 June 2024
Press Release
Director/PDMR Exercise of Options
Jersey, Channel Islands, 04 June 2024 -- Serinus Energy plc ("the Company") reports that its Chief Executive Officer, Jeffrey Auld, acquired shares allocated pursuant to the Company's Long-Term Incentive Programme ("LTIP") representing 2,654,519 common shares in the Company ("Common Shares") on 3 June 2024. Following the purchase, Mr. Auld's total shareholding in the Company comprises 3,993,394 Common Shares, representing 3.48% per cent of the Issued Share Capital of the Company.
Immediately following Admission, the Company's issued share capital will consist of 114,709,077 Common Shares. Application has been made to admit 643,004 new Common Shares to trading on the AIM market of the London Stock Exchange on 7 June 2024, ("Admission"). The Company now holds no Common Shares in treasury following the transfer of 2,011,515 shares out of treasury to satisfy the balance of the LTIP shares. 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 | +44 204 541 7859 |
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Shore Capital (Nominated Adviser & Broker) Toby Gibbs Lucy Bowden |
+44 207 408 4090 |
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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 | Details of the person discharging managerial responsibilities / person closely associated Reason for the notification | ||||||
| a) | Name | Jeffrey Auld | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Chief Executive Officer | |||||
| b) | Initial notification /Amendment | Initial Notification
| |||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
| a) | Name | Serinus Energy Plc | |||||
| b) | LEI | 549300W183KUX62DVI32 | |||||
| 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
Identification code |
Ordinary Shares of no par value
JE00BF4N9R98
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| b) | Nature of the transaction | Award of LTIP Shares to receive Ordinary Shares
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| c) | Price(s) and volume(s) |
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| d) | Aggregated information
- Aggregated volume
- Price |
N/A (single transaction) | |||||
| e) | Date of the transaction | 03 June 2024 | |||||
| f) | Place of the transaction | Outside of a trading venue | |||||
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