February 21, 2025
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Grant of Stock Options
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTC PINK: ZENAF), the listed international energy production and development company, is pleased to announce that it has granted a total of 27,183,142 stock options (the "Options") to certain Directors and employees of the Company in accordance with the Company's Stock Option Plan.
The Options have an exercise price of NOK 1.26 per Option (approximately equivalent to £0.09), are fully vested and have a duration of five years from the date of issue.
Further Information:
| Zenith Energy Ltd Andrea Cattaneo, Chief Executive Officer |
Tel: +1 (587) 315 1279
|
Notes to Editors:
Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in North Africa, the US and Europe. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and the Pink Markets of the OTC (OTC PINK: ZENAF).
Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.
For more information, please visit: www.zenithenergy.ca
Twitter: @zenithenergyltd
LinkedIn: https://bit.ly/3A5PRJb
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
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 | Andrea Cattaneo | | |
| 2 | Reason for the notification | | ||
| a) | Position/status | Chief Executive Officer & President | | |
| b) | Initial notification/Amendment | Initial Notification | | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | ||
| a) | Name | Zenith Energy Ltd. | | |
| b) | LEI | 213800AYTYOYD61S4569 | | |
| 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 |
Options for common shares of no par value in Zenith Energy Ltd.
| | |
| | Identification code | CA98936C8584 | | |
| b) | Nature of the transaction | Grant of Stock Options in accordance with Stock Option Plan | | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 1.26 | 13,047,909
| | ||
| d) | Date of the transaction(s) | February 20, 2025 | | |
| e) | Place of the transaction | Off Market | | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | | ||
| a) | Name | Luca Benedetto | | |
| 2 | Reason for the notification | | ||
| a) | Position/status | Chief Financial Officer and Executive Director | | |
| b) | Initial notification/Amendment | Initial Notification | | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | ||
| a) | Name | Zenith Energy Ltd. | | |
| b) | LEI | 213800AYTYOYD61S4569 | | |
| 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 |
Options for common shares of no par value in Zenith Energy Ltd.
| | |
| | Identification code | CA98936C8584 | | |
| b) | Nature of the transaction | Grant of Stock Options in accordance with Stock Option Plan | | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 1.26 | 3,941,555
| | ||
| d) | Date of the transaction(s) | February 20, 2025 | | |
| e) | Place of the transaction | Off Market | | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | | ||
| a) | Name | Dario Sodero | | |
| 2 | Reason for the notification | | ||
| a) | Position/status | Non-Executive Director | | |
| b) | Initial notification/Amendment | Initial Notification | | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | ||
| a) | Name | Zenith Energy Ltd. | | |
| b) | LEI | 213800AYTYOYD61S4569 | | |
| 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 |
Options for common shares of no par value in Zenith Energy Ltd.
| | |
| | Identification code | CA98936C8584 | | |
| b) | Nature of the transaction | Grant of Stock Options in accordance with Stock Option Plan | | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 1.26 | 1,902,820
| | ||
| d) | Date of the transaction(s) | February 20, 2025 | | |
| e) | Place of the transaction | Off Market | | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | | ||
| a) | Name |
| | |
| 2 | Reason for the notification | | ||
| a) | Position/status | Non-Executive Director | | |
| b) | Initial notification/Amendment | Initial Notification | | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | ||
| a) | Name | Zenith Energy Ltd. | | |
| b) | LEI | 213800AYTYOYD61S4569 | | |
| 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 |
Options for common shares of no par value in Zenith Energy Ltd.
| | |
| | Identification code | CA98936C8584 | | |
| b) | Nature of the transaction | Grant of Stock Options in accordance with Stock Option Plan | | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 1.26 | 1,902,820
| | ||
| d) | Date of the transaction(s) | February 20, 2025 | | |
| e) | Place of the transaction | Off Market | | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | | ||
| a) | Name | José Ramón López Portillo | | |
| 2 | Reason for the notification | | ||
| a) | Position/status | Non-Executive Director, Chairman | | |
| b) | Initial notification/Amendment | Initial Notification | | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | ||
| a) | Name | Zenith Energy Ltd. | | |
| b) | LEI | 213800AYTYOYD61S4569 | | |
| 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 |
Options for common shares of no par value in Zenith Energy Ltd.
| | |
| | Identification code | CA98936C8584 | | |
| b) | Nature of the transaction | Grant of Stock Options in accordance with Stock Option Plan | | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) | |
| NOK 1.26 | 1,902,820
| | ||
| d) | Date of the transaction(s) | February 20, 2025 | | |
| e) | Place of the transaction | Off Market | | |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.