Tlou Energy Ltd Managing Director Share Purchase (0739L)
03 Settembre 2019 - 1:29PM
UK Regulatory
TIDMTLOU
RNS Number : 0739L
Tlou Energy Ltd
03 September 2019
3 September 2019
Tlou Energy Limited
("Tlou" or "the Company")
Managing Director Share Purchase
Tlou Energy Limited, (AIM: TLOU; ASX: TOU; BSE: TLOU) announces
that the Company were notified today that on 2 September 2019,
Gilby Super Pty Ltd an entity controlled by Anthony Gilby, Managing
Director of the Company, purchased 287,791 ordinary shares in the
Company at a price per Ordinary Share of approximately AUD $0.088
and for a total cost of AUD $25,214.00.
Following this transaction, Anthony Gilby owns directly and
indirectly a shareholding of 21,989,580 Ordinary Shares.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulations, provides further detail in
respect of the transaction as described above.
1 Details of the person discharging managerial responsibility
/ person closely associated
a) Name Anthony Gilby (Legal person: Gilby
Super Pty Ltd)
--------------------------------- -------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Managing Director
--------------------------------- -------------------------------------
b) Initial notification/amendment Initial
--------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Tlou Energy Limited
--------------------------------- -------------------------------------
b) LEI 213800SHI2BVAY1A4L52
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
Description Ordinary Shares
of the financial
instrument,
type of instrument
Identification code Tlou Energy Limited ordinary shares
a) with ISIN : AU000000TOU2
------------------------- -----------------------------------------
b) Nature of transaction
Purchase of Shares on market.
------------------------- -----------------------------------------
Price(s) Volume(s)
------------------------- -------------------- -------------------
c) Price(s) and volume(s) AUD $0.088 287,791
------------------------- -------------------- -------------------
Aggregated information
---------------------------------------------------------------------------
Aggregated volume 287,791
------------------------- ------------------------------------------------
d) Price AUD $25,214.00
------------------------- -----------------------------------------
e) Date of transaction 2 September 2019
------------------------- -----------------------------------------
f) Place of transaction Australian Securities Exchange
------------------------- -----------------------------------------
****
For further information regarding this announcement please
contact:
Tlou Energy Limited +61 7 3012 9793
Tony Gilby, Managing Director
----------------------
Solomon Rowland, General Manager
----------------------
Grant Thornton (Nominated Adviser) +44 (0)20 7383 5100
----------------------
Samantha Harrison, Colin Aaronson, Harrison
Clarke, Seamus Fricker
----------------------
Shore Capital (Broker) +44 (0) 207 408 4090
----------------------
Jerry Keen, Toby Gibbs, Mark Percy
----------------------
FlowComms Limited (Investor Relations) +44 (0) 7891 677 441
----------------------
Sasha Sethi
----------------------
Company Information
Tlou Energy is focused on delivering Gas-to-Power solutions in
Botswana and southern Africa to alleviate some of the chronic power
shortage in the region. Tlou is developing projects using coal bed
methane (CBM) natural gas. Botswana has a significant energy
shortage and generally relies on imported power and diesel
generation to fulfil its electricity requirements.
As 100% owner of the most advanced gas project in the country,
the Lesedi CBM Project, Tlou Energy provides investors with access
to a compelling opportunity using domestic gas to produce power and
displace expensive diesel and imported electricity.
The Company is listed on the Australian Securities Exchange,
London's AIM market and the Botswana Stock Exchange and is led by
an experienced Board, management and advisory team including
individuals with successful track records in the CBM industry.
Since establishment, the Company has significantly de-risked the
project in consideration of its goal to become a significant
gas-to-power producer. The Company flared its first gas in 2014 and
has a 100% interest over its Mining Licence and ten Prospecting
Licences covering an area of 9,300 Km(2) in total.
The Lesedi and Mamba Projects already benefit from significant
independently certified 2P gas Reserves of 41 BCF. In addition, 3P
gas Reserves of 427 BCF and Contingent Gas Resources of 3,043 BCF
provide significant additional potential. The Company's newest
licence area designated "Boomslang", is situated adjacent to the
Company's Lesedi project, and is located on-trend with the results
observed to date at the Lesedi project and is considered to be
highly prospective.
The Company is planning an initial scalable gas-to-power
project. Following successful implementation of this first scalable
project, the Company looks forward to evaluating longer-term
prospects for the delivery of electricity generated from CBM in
Botswana to neighbouring countries.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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