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Serinus Energy Plc
Serinus Energy PLC - Issue of Shares
25th October 2024, 06:00
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RNS Number : 5475J
Serinus Energy PLC
25 October 2024
 

25 October 2024

 

Press Release

Issue of Shares, Directors'/PDMR shareholdings and Total Voting Rights

Jersey, Channel Islands, 25 October 2024 - Serinus Energy plc (the "Company") announces that on 23 October 2024, certain directors and senior managers were collectively granted 6,065,781 ordinary shares of nil par value in the capital of the Company (the "New Ordinary Shares") under the Company's long term incentive plan (the "Plan"). Following this, on 24 October 2024, 2,450,000 New Ordinary Shares were subsequently sold at 2.8 pence per share to satisfy tax and National Insurance liabilities arising due to the grant of the New Ordinary Shares under the Plan.

 

An application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM, with dealings expected to commence on 29 October 2024 ("Admission").

 

Following Admission, each director and PDMR's new shareholding are outlined in the table below:

Director / Senior Manager

Position

New shareholding

New shareholding as a %

Jeffrey Auld

President & CEO

4,992,955

4.13%

Vladislav Ryabov

Chief Financial Officer

645,427  

0.53%

Stuart Morrison

Chief Operating Officer

948,027

0.78%

 

Following Admission, the Company will have a total of 120,953,430 Ordinary Shares in issue with no Ordinary Shares held in Treasury. Shareholders may use this figure of 120,953,430 Ordinary Shares as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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

+44 204 541 7859



Shore Capital (Nominated Adviser & Broker)

Toby Gibbs

Lucy Bowden

 

+44 207 408 4090





 

The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

 

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

 

Jeffrey Auld

2

 

Reason for the notification

 

a)

 

Position/status

 

President and Chief Executive Officer

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Serinus Energy plc

b)

 

LEI

 

549300W183KUX62DVI32

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

 

Identification code

 

Ordinary Shares

 

ISIN: JE00BNNMKT29

b)

 

Nature of the transaction

 

 

1)   Grant of New Ordinary Shares under the Plan

2)   Sale of New Ordinary Shares

c)

 

Price(s) and volume(s)


Price(s)

Volume(s)

1)

NPV

1,984,533

2)

2.8p

   984,972


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - single transactions

e)

 

Date of the transaction

 

1) 23 October 2024

2) 24 October 2024

f)

Place of the transaction

AIMX


 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Vladislav Ryabov

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Serinus Energy plc

b)

 

LEI

 

549300W183KUX62DVI32

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

 

Identification code

 

Ordinary Shares

 

ISIN: JE00BNNMKT29

b)

 

Nature of the transaction

 

 

1)   Grant of New Ordinary Shares under the Plan

2)   Sale of New Ordinary Shares

c)

 

Price(s) and volume(s)


Price(s)

Volume(s)

1)

NPV

848,828

2)

2.8p

381,973


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - single transactions

e)

 

Date of the transaction

 

1) 23 October 2024

2) 24 October 2024

f)

Place of the transaction

AIMX

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Stuart Morrison

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Operating Officer

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Serinus Energy plc

b)

 

LEI

 

549300W183KUX62DVI32

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

 

Identification code

 

Ordinary Shares

 

ISIN: JE00BNNMKT29

b)

 

Nature of the transaction

 

 

1)   Grant of New Ordinary Shares under the Plan

2)   Sale of New Ordinary Shares

c)

 

Price(s) and volume(s)


Price(s)

Volume(s)

1)

NPV

1,492,616

2)

2.8p

   671,677


d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A - single transactions

e)

 

Date of the transaction

 

1) 23 October 2024

2) 24 October 2024

f)

Place of the transaction

AIMX

 

 

 

 

 

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