TIDMSENX

RNS Number : 5481B

Serinus Energy PLC

02 June 2023

02 June 2023

Press Release

Award under Long-Term Incentive Plan

Jersey, Channel Islands, 02 June 2023 - Serinus Energy plc ("Serinus" or the "Company") (AIM:SENX, WSE:SEN) announces that on 02 June 2023, the Remuneration Committee has determined that under the terms of the Company's Long Term Incentive Plan ("LTIP") it has granted its Persons Discharging Managerial Responsibilities ("PDMRs") the following nil-cost share awards over ordinary shares of GBP0.0560 each in the Company ("Shares") under the LTIP. The number of shares under such awards is calculated based on a percentage of salary and priced using the volume Weighted Average Price of the shares as traded on the AIM Market of the London Stock Exchange for the five trading days to 09 May 2023. The grants have no vesting conditions. The awards granted are shown in the table below.

 
 PDMRs           Position                   No. of LTIP awards 
                                             granted 
 Jeffrey Auld    Chief Executive Officer                1,497,248 
                -------------------------  ----------------------

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 
   John More 
   Rachel Goldstein                                +44 207 408 4090 
 
 Camarco (Financial PR - London) 
  Owen Roberts 
  Charlotte Hollinshead                            +44 203 781 8334 
 
 TBT i Wspólnicy (Financial PR - Warsaw) 
  Katarzyna Terej                                   +48 602 214 353

Forward Looking Statement Disclaimer

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.

Translation : This news release has been translated into Polish from the English original.

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END

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June 02, 2023 10:53 ET (14:53 GMT)

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