Serinus Energy PLC Issuance of Stock Options (1250N)
18 Maggio 2020 - 8:00AM
UK Regulatory
TIDMSENX
RNS Number : 1250N
Serinus Energy PLC
18 May 2020
18 May 2020
Press Release
Issuance of Stock Options
Jersey, Channel Islands, 18 May 2020 -- Serinus Energy plc
("Serinus", "SEN" or the "Company") (AIM:SENX, WSE:SEN), announces
that the Company's Board of Directors have approved the granting of
1,750,000 share options to Mr. Andrew Fairclough, Chief Financial
Officer of the Company, in accordance with his remuneration
package, at a strike price of GBP0.09 per share. Under the
Company's Long Term Incentive Plan, one third of the options will
vest on the award date, with a further one third vesting on the
first anniversary and one third vesting on the second anniversary,
and will expire on the tenth anniversary.
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
Andrew Fairclough, Chief Financial Officer
Calvin Brackman, Vice President, External
Relations & Strategy +1 403 264 8877
WH Ireland Limited
(Nominated Adviser and Joint Broker)
Katy Mitchell
Harry Ansell (Broker)
Lydia Zychowska +44 (0)20 7220 1666
A rden Partners plc
(Joint Broker)
Paul Shackleton / Dan Gee-Summons (Corporate
Finance)
Fraser Marshall (Equity Sales) +44 (0) 20 7614 5900
Camarco
(Financial PR - London)
Billy Clegg
Owen Roberts +44 (0) 20 3781 8334
TBT i Wspólnicy
(Financial PR - Warsaw)
Katarzyna Terej +48 22 487 53 02
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 Det ails of the person discharging m anagerial responsibilities
/ person closely associated Reason for the notification
a) Name Andrew Fairclough
-------------------------------- --------------------------------------------------
2 Re ason for the notification
------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- --------------------------------------------------
b) I nitial notification Initial notification
/Amendment
-------------------------------- --------------------------------------------------
3 Det ails of the issuer, e mission allow ance m a rket participant,
auct ion plat for m, auctioneer or auc tion monitor
------------------------------------------------------------------------------------
a) Na me Serinus Energy Plc
---------------------------------- ------------------------------------------------
b) L E I 549300W183KUX62DVI32
---------------------------------- ------------------------------------------------
4 Det ails of the t ransact ion(s): section to be re p eated
for ( i) e a ch type of instrum ent; (ii) each type of transac
tion; (iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------------------
a) De scription of the
financial instrument, Ordinary Shares of no par value
t ype of instrument
JE00BF4N9R98
I d e ntification
code
---------------------------------- --------------------------------------------------
b) Na ture of the transa Grant of options to senior executive
ction
---------------------------------- --------------------------------------------------
c) Price(s) and
volume (s) PDMR Volume Strike price (GBP)
Andrew Fairclough 1,750,000 GBP0.09
---------- -------------------
--------------------- ---------------------------------------------------------------
d) A ggr e g PDMR Volume Total aggregate
ated in formation value at strike
price (GBP)
- A ggr e Andrew Fairclough 1,750,000 157,500
g ated volume ---------- -----------------
- Price
--------------------- ---------------------------------------------------------------
e) Date of the 2 April 2020
transaction
--------------------- ---------------------------------------------------------------
f) Place of the Off Market
transaction
--------------------- ---------------------------------------------------------------
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
DSHFLFVTEIIDLII
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