Eco (Atlantic) Oil and Gas Ltd. Director/PDMR Shareholding (1769A)
21 Settembre 2022 - 1:44PM
UK Regulatory
TIDMECO
RNS Number : 1769A
Eco (Atlantic) Oil and Gas Ltd.
21 September 2022
21 September 2022
ECO (ATLANTIC) OIL & GAS LTD.
("Eco," "Eco Atlantic," "Company," or together with its
subsidiaries, the "Group")
Director Dealing
Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG) has
been notified by Moshe Peterburg, Non Executive Chairman of the
Company, that he has apparently been the victim of fraudulent
activity concerning his personal trading account that resulted in
the unauthorized sales by a broker of 1,224,749 common shares in
Eco Atlantic ("Shares"), representing 0.36% of the issued and
outstanding share capital of Eco Atlantic.
The sales took place between July 2021 and August 2022 in a
series of small transactions. Mr Peterburg, as of today, continues
to own 9,987,917 common shares in Eco, representing 2.9% of the
issued and outstanding share capital of the Company.
The Company has been further informed by Mr Peterburg that the
Shares sales were undertaken without his knowledge or authorization
with the funds in the trading account also having been apparently
misappropriated.
Mr Peterburg has advised the Company that the relevant
authorities have commenced criminal proceedings against the
stockbroker.
**ENDS**
please visit www.ecooilandgas.com or contact the following :
Eco Atlantic Oil and Gas c/o Celicourt +44 (0) 20
8434 2754
Gil Holzman, CEO
Colin Kinley, COO
Alice Carroll, Head of Corporate Sustainability +44(0)781 729 5070
Strand Hanson Limited (Financial &
Nominated Adviser) +44 (0) 20 7409 3494
James Harris
James Bellman
Berenberg (Broker) +44 (0) 20 3207 7800
M atthew Armitt
Detlir Elezi
Echelon Capital (Financial Adviser
N. America Markets)
Ryan Mooney +1 (403) 606 4852
Simon Akit +1 (416) 8497776
Celicourt (PR) +44 (0) 20 8434 2754
Mark Antelme
Jimmy Lea
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018 (as amended).
Notes to editors:
About Eco Atlantic:
Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused
oil & gas exploration company with offshore license interests
in Guyana, Namibia, and South Africa. Eco aims to deliver material
value for its stakeholders through its role in the energy
transition to explore for low carbon intensity oil and gas in
stable emerging markets close to infrastructure.
Offshore Guyana in the proven Guyana-Suriname Basin, the Company
holds a 15% Working Interest in the 1,800 km(2) Orinduik Block
Operated by Tullow Oil. In Namibia, the Company holds Operatorship
and an 85% Working Interest in four offshore Petroleum Licences:
PELs: 97, 98, 99, and 100, representing a combined area of 28,593
km(2) in the Walvis Basin.
Offshore South Africa, Eco is Operator and holds a 50% working
interest in Block 2B and a 20% Working Interest (to be increased to
a 26.25% Working Interest, subject to Completion of the Acquisition
announced 27 June 2022) in Blocks 3B/4B operated by Africa Oil
Corp., totalling some 20,643 km (2) .
PDMR Notification Form
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Moshe Peterburg
--------------------------- -------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------
a) Position/status Non-executive Chairman
--------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name ECO (ATLANTIC) OIL & GAS LTD.
--------------------------- -------------------------------------------
b) LEI 213800WPR7ASTDWQUW50
--------------------------- -------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Common shares of no par value in the
financial instrument, Company
type of instrument
Identification code CA27887W1005
b) Nature of the transaction Disposal of common shares of no par
value in the Company
--------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) not known as the trades were
not authorised / approved, and were
undertaken by a third party
1,224,749 (in aggregate) common shares
--------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume 1,224,749
- Price Price not known as the trades were not
authorised / approved and were undertaken
by a third party
e) Date of the transaction Trades took place between 21 July 2021
- 15 August 2022
--------------------------- -------------------------------------------
f) Place of the transaction TSX Venture Exchange (TSXV) / AIM
--------------------------- -------------------------------------------
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END
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September 21, 2022 07:44 ET (11:44 GMT)
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