06:29 Mon 18 Jan 2021
Zenith Energy Ltd - Result of AGM & Granting of Stock Options
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this announcement via a regulatory information service ("RIS"), the inside information contained in this document is now considered to be in the public domain.
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Result of AGM & Granting of Stock Options
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA-ME), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that all resolutions presented before shareholders at its Annual General Meeting and Special Meeting ("AGM") held on
Board Changes resulting from the AGM
As indicated in the information circular distributed to shareholders, Mr.
Mr.
The Company wishes to thank both of the aforementioned Directors for their valuable commitment and assistance to the Company over the years.
Granting of Options
The Company has granted a total of 45,414,775 stock options (the "Options") to certain Directors and employees of the Company in accordance with the Company's Stock Option Plan.
The Options will have an exercise price of
Further Information:
Zenith Energy Ltd |
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Tel: +1 (587) 315 9031 |
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E-mail: info@zenithenergy.ca |
Allenby Capital Limited - Financial Adviser & Broker |
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Tel: + 44 (0) 203 328 5656 |
Notes to Editors:
Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector, specifically in
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 |
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer & President |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Zenith Energy Ltd. |
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b) |
LEI |
213800AYTYOYD61S4569 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Common Shares of No Par Value
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Identification code |
CA98936C1068 |
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b) |
Nature of the transaction |
Grant of Stock Options |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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18,165,910 |
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d) |
Date of the transaction(s) |
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e) |
Place of the transaction |
Off Market |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer, Executive Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Zenith Energy Ltd. |
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b) |
LEI |
213800AYTYOYD61S4569 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Common Shares of No Par Value
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Identification code |
CA98936C1068 |
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b) |
Nature of the transaction |
Grant of Stock Options |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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5,449,773 |
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d) |
Date of the transaction(s) |
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e) |
Place of the transaction |
Off Market |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Zenith Energy Ltd. |
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b) |
LEI |
213800AYTYOYD61S4569 |
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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 |
|
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a) |
Description of the financial instrument, type of instrument |
Common Shares of No Par Value
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Identification code |
CA98936C1068 |
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b) |
Nature of the transaction |
Grant of Stock Options |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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5,449,773 |
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d) |
Date of the transaction(s) |
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e) |
Place of the transaction |
Off Market |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Zenith Energy Ltd. |
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b) |
LEI |
213800AYTYOYD61S4569 |
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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 |
|
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a) |
Description of the financial instrument, type of instrument |
Common Shares of No Par Value
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Identification code |
CA98936C1068 |
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b) |
Nature of the transaction |
Grant of Stock Options |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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5,449,773 |
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d) |
Date of the transaction(s) |
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e) |
Place of the transaction |
Off Market |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
José Ramón López-Portillo |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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||
a) |
Name |
Zenith Energy Ltd. |
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b) |
LEI |
213800AYTYOYD61S4569 |
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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 |
|
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a) |
Description of the financial instrument, type of instrument |
Common Shares of No Par Value
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Identification code |
CA98936C1068 |
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b) |
Nature of the transaction |
Grant of Stock Options |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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5,449,773 |
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d) |
Date of the transaction(s) |
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e) |
Place of the transaction |
Off Market |
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