Company Announcements

Granting of Stock Options

Source: RNS
RNS Number : 4568Y
Zenith Energy Ltd
13 May 2021
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

 

May 13, 2021        

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Granting of Stock Options

Zenith Energy Ltd. ("Zenith" or the "Company") (LSEZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has granted a total of 32,571,075 stock options (the "Options") tocertain Directors and an employee of the Company in accordance with the Company's Stock Option Plan.

 

The Options will have an exercise price of NOK 0.12 per Option (approximately
equivalent to £0.01), a premium of approximately 12% in respect of the last closing price on Euronext Growth Oslo (12.05.2021). The Options are fully vested and have the duration of five years from the date of granting. 

 

 

 

Further Information:

Zenith Energy Ltd 


Andrea Cattaneo, Chief Executive Officer

Tel: +1 (587) 315 9031


E-mail:  info@zenithenergy.ca

Allenby Capital Limited - Financial Adviser & Broker


Nick Harriss

Nick Athanas

Tel: + 44 (0) 203 328 5656

 

 

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 seize 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 instrument, type of instrument

 

Options to acquire common shares of no par value in Zenith Energy Ltd.

 



Identification code

CA98936C1068


b)

Nature of the transaction

Grant of Stock Options 


c)

Price(s) and volumes(s)

Price(s)

Volume(s)


NOK 0.12

19,542,645 

 


d)

Date of the transaction(s)

May 12, 2021


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 instrument, type of instrument

 

Options to acquire common shares of no par value in Zenith Energy Ltd.

 



Identification code

CA98936C1068


b)

Nature of the transaction

Grant of Stock Options 


c)

Price(s) and volumes(s)

Price(s)

Volume(s)


NOK 0.12

6,514,215 

 


d)

Date of the transaction(s)

May 12, 2021


e)

Place of the transaction

 Off Market 


 

 

 

 

 

 

 

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