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Columbus Energy Res - Director/PDMR Shareholding

RNS Number : 5287D
Columbus Energy Resources PLC
20 February 2020
 

20 February 2020

COLUMBUS ENERGY RESOURCES PLC

("Columbus" or the "Company")

Director/PDMR Shareholdings

Columbus, the oil and gas producer and explorer focused on onshore Trinidad and Suriname, with the ambition to grow in South America, announces that further to the "Corporate Presentation, Issue of Equity and TVR" announcement released at 7.00 a.m. on 13 February 2020 with RNS Number: 8288C, the 15,169,886 Executive Management Shares issued to certain Directors and Executive Managers in lieu of salaries under Executive Salary Scheme were admitted to trading on AIM today along with the 9,500,000 Contractor Shares

The Company expects that the Executive Management Shares will, for accounting purposes, be issued at a price of 2.27p per share to the following Directors and Senior Managers of Columbus such price being equal to the closing share price on the day before issuance. The number of Executive Management Shares issued, as set out below, was calculated using a fixed share price therefore the timing of issuance of Executive Management Shares is not relevant to the number of Remuneration Shares issued.

Director / PDMR name

New Ordinary Shares issued

Number of Ordinary Shares currently held

% of Enlarged Issued Share Capital

Leo Koot

12,437,930

700,000

1.5%

Gelco Energy Inc

2,731,956

5,916,803

0.99%

 

The relevant Executive Management members have stated that they have no intention of selling the Executive Management Shares in the near future.

The information contained in Appendix 1 below is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

The defined terms used in this announcement have the same meaning as ascribed to them in the "Corporate Presentation, Issue of Equity and TVR" announcement released at 7.00 a.m. on 13 February 2020 with RNS Number: 8288C

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Contact Information

Columbus Energy Resources plc

Leo Koot / Gordon Stein / Tony Hawkins

+44 (0)20 7203 2039

VSA Capital Limited

Financial Adviser and Broker

Andrew Monk / Andrew Raca

+44 (0)20 3005 5000

Beaumont Cornish Limited

Nominated Adviser

Roland Cornish / Rosalind Hill Abrahams

+44 (0)20 7628 3396



Notes to Editors:

Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad and Suriname. In Trinidad, the Columbus Energy group has five producing fields, one appraisal/development project and a highly prospective exploration portfolio in the South West Peninsula ("SWP"), which lies in the extreme southwest of Trinidad and consists of stacked shallow and deep prospects. In Suriname, the Company has recently secured an onshore appraisal/development project. Columbus aims to create transformational growth by developing its portfolio in a capital efficient and disciplined manner.    

Columbus is guided by the following core values; safe and sustainable, stronger together, creative excellence, positive energy, totally trusted and personally responsible.

The Company is led by an experienced Board and senior management team with supportive shareholders and intends on leveraging its expertise and experience to build an attractive and diversified portfolio of assets across South America in order to build an oil production led South American exploration business. 

To find out more, visit www.columbus-erp.com or follow us on Twitter @Columbus_ERP.



 

 

Appendix 1 - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Leo Koot

2

Reason for notification

a)

Position / status

Executive Chairman

b)

Initial notification

/Amendment

Initial notification

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Columbus Energy Resources plc

b)

LEI

213800WBO186NYERMZ91

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

Ordinary Shares of 0.05p each

 

ISIN: GB00BDGJ2R22

 

Nature of the transaction

Issue of Shares under Executive Salary Scheme

 

 

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

2.27p

12,437,930

d)

Aggregated information

N/A

e)

Date of the transaction

2020-02-20

f)

Place of the transaction

Outside a trading venue

 

 

1

Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Gelco Energy Inc

2

Reason for notification

a)

Position / status

Managing Director, Trinidad

b)

Initial notification

/Amendment

Initial notification

3

Details of the issueremission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Columbus Energy Resources plc

b)

LEI

213800WBO186NYERMZ91

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

Ordinary Shares of 0.05p each

 

ISIN: GB00BDGJ2R22

 

Nature of the transaction

Issue of Shares under Executive Salary Scheme

 

 

Price(s) and volumes(s)

 

Price(s)

Volumes(s)

2.27p

2,731,956

d)

Aggregated information

N/A

e)

Date of the transaction

2020-02-20

f)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Columbus Energy Resources PLC

Price: 1.825

Market: AIM
Market Cap: £17.21 m
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