Subject: STOCK/OTHER MARKET NEWS
Director Dealing ? Issue of Stock Options
JERSEY, Channel Islands, Dec. 04, 2018 (GLOBE NEWSWIRE) -- 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 6,203,000 stock options to senior executives and staff employees of the of the Company at a strike price of £0.1475 per share option. Certain persons discharging managerial responsibilities were recipients of stock option as detailed at the end of this announcement.
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 | +1-403-264-8877 |
| Numis Securities Limited (Nominated Adviser and Joint Broker) John Prior Paul Gillam Ben Stoop | +44 (0) 20 7260 1000 |
| GMP FirstEnergy (Joint Broker) Hugh Sanderson Jonathan Wright | +44 (0) 20 7448 0200 |
| Camarco (Financial PR) Billy Clegg Owen Roberts | +44 (0) 20 3781 8334 |
| TBT i Wspólnicy (Financial PR - Warsaw) Piotr Talarek | +48 22 487 53 02 |
Forward Looking Statement Disclaimer
This news release includes forward looking information and statements within the meaning of securities laws. Such statements relate to the Corporation's or management's objectives, projections, estimates, expectations, or predictions of the future and can be identified by words such as "plans", "assumes", "will", "anticipate" and "may" or variations of such words. These statements are based on certain assumptions and analyses by the Corporation that reflect its experience and understanding of future developments. Such statements are subject to a number of uncertainties, including, but not limited to, continued listing on the Warsaw Stock Exchange and AIM, the Corporation's ability to realize the anticipated benefits of the delisting and other factors identified in the Corporation's filings with regulatory authorities in Canada. Many of these uncertainties are beyond the Corporation's control and, therefore, may cause actual actions or results to differ from those expressed or implied herein. The Corporation disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, unless required by law.
Translation: This news release has been translated into Polish from the English original.
| 1 | Details of the person discharging managerial responsibilities / person closely associated Reason for the notification | ||||||||||
| a) | Name | Jeffrey Auld | |||||||||
| Tracy Heck | |||||||||||
| Calvin Brackman | |||||||||||
| Alexandra Damascan | |||||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Jeffrey Auld (Chief Executive Officer) | |||||||||
| Tracy Heck (Chief Financial Officer) | |||||||||||
| Calvin Brackman (VP, External Relations & Strategy) | |||||||||||
| Alexandra Damascan (President, Serinus Energy Romania) | |||||||||||
| b) | Initial notification | Initial Notification | |||||||||
| /Amendment | |||||||||||
| 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 | Ordinary Shares of no par value | |||||||||
| Identification code | JE00BF4N9R98 | ||||||||||
| b) | Nature of the transaction | Grant of options to senior executives | |||||||||
| c) | Price(s) and volume(s) | PDMR | Volume | Strike price (GBP) | |||||||
| Jeffrey Auld | 2,500,000 | 0.1475 | |||||||||
| Tracy Heck | 2,200,000 | 0.1475 | |||||||||
| Calvin Brackman | 700,000 | 0.1475 | |||||||||
| Alexandra Damascan | 230,000 | 0.1475 | |||||||||
| d) | Aggregated information | PDMR | Volume | Total aggregate value at strike price (GBP) | |
| Jeffrey Auld | 2,500,000 | 368,750 | |||
| - Aggregated volume | Tracy Heck | 2,200,000 | 324,500 | ||
| Calvin Brackman | 700,000 | 103,250 | |||
| - Price | Alexandra Damascan | 230,000 | 33,925 | ||
| e) | Date of the transaction | 03 December 2018 | |||
| f) | Place of the transaction | Off Market | |||
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