27 June 2024
Press Release
Issue of Equity under 2023 LTIP & Total Voting Rights
Jersey, Channel Islands, 27 June 2024 - Serinus Energy plc (the "Company") reports that on 26 June 2023, Vlad Ryabov, CFO of the Company, was awarded 178,572 common shares of nil par value in the Company (the "LTIP Shares") at nil cost under the 2023 LTIP due to achieving pre-determined goals under the LTIP. Following this award, Vlad Ryabov now holds 178,572 common shares of nil par value in the Company, representing approximately 0.16 per cent of the Issued Share Capital of the Company.
Application has been made to the London Stock Exchange for the LTIP Shares to be admitted to trading on AIM, with dealings expected to commence on 1 July 2024 ("Admission").
Following Admission, the Company will have a total of 114,887,648 Ordinary Shares in issue. Shareholders may use this figure of 114,887,648 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.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail on the above transaction.
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 |
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| Shore Capital (Nominated Adviser & Broker) Toby Gibbs Lucy Bowden |
+44 207 408 4090 |
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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.
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
| Vlad 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
| Common shares of NPV
ISIN: JE00BNNMKT29 | ||||
| b)
| Nature of the transaction
| Award of LTIP shares | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transactions
| ||||
| e)
| Date of the transaction
| 26 June 2024 | ||||
| f)
| Place of the transaction
| Off market | ||||
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