August 13, 2025
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Director/ PDMR Shareholding
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international energy production and development company, is pleased to announce that its Chief Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company that he has purchased a total of 650,000 common shares in the Capital of the Company of no par value ("Common Shares") at a total average price of NOK 0.5086 per Common Share.
Following the purchase, Mr. Cattaneo is directly beneficially interested in a total of 51,001,414 Common Shares in the capital of the Company, representing 10.12 per cent of the total issued and outstanding common share capital of the Company.
Further Information:
| Zenith Energy Ltd
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| Andrea Cattaneo, Chief Executive Officer | Tel: +1 (587) 315 1279
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Notes to Editors:
Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in North Africa and Europe. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA).
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 | Common Shares | |
| | Identification code | CA98936C8584 | |
| b) | Nature of the transaction | Purchase of Common Shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| NOK 0.5086 | 650,000 | ||
| d) | Aggregated information | | |
| | Aggregated volume | | |
| | Aggregated price | | |
| e) | Date of the transaction(s) | August 12, 2025 | |
| f) | Place of the transaction | Euronext Growth Oslo | |
TR-1: Standard form for Notification of Major Holdings
| a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: | ZENITH ENERGY LTD. | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | X | |||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | X | |||||
| An acquisition or disposal of financial instruments |
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| An event changing the breakdown of voting rights |
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| Other (please specify) iii: |
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| 3. Details of person subject to the notification obligation iv | ||||||
| Name | Andrea Cattaneo | |||||
| City and country of registered office (if applicable) |
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| 4. Full name of shareholder(s) (if different from 3.) v | ||||||
| Name | | |||||
| City and country of registered office (if applicable) | | |||||
| 5. Date on which the threshold was crossed or reached vi: | 12/08/2025 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 13/08/2025 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
| | % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) vii | ||
| Resulting situation on the date on which threshold was crossed or reached | 10.12% | | 10.12% | 51,001,414 | ||
| Position of previous notification (if applicable) | | | | | ||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii | ||||
| A: Voting rights attached to shares | ||||
| Class/type of ISIN code (if possible) | Number of voting rights ix | % of voting rights | ||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | |
| CA98936C8584 | 51,001,414 | | 10.12% | |
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| SUBTOTAL 8. A | 51,001,414 | 10.12% | ||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | ||||
| Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is Exercised/converted. | % of voting rights |
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| SUBTOTAL 8. B 1 |
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| B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | |||||
| Type of financial instrument | Expiration | Exercise/ | Physical or cash Settlement xii | Number of voting rights | % of voting rights |
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| SUBTOTAL 8.B.2 |
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| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii | | |||
| Full chain of controlled undertakings through which the voting rights and/or the | | |||
| Name xv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
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| 10. In case of proxy voting, please identify: | |
| Name of the proxy holder | |
| The number and % of voting rights held | |
| The date until which the voting rights will be held | |
| 11. Additional information xvi |
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| Place of completion | Oslo, Norway |
| Date of completion | 12.08.2025 |
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