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PDMR Dealings

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RNS Number : 8414W
Sterling Energy PLC
23 April 2019
 

 

 

 

STERLING ENERGY PLC

 

PDMR Dealings

 

Sterling Energy Plc ("Sterling" or the "Company"), the AIM listed oil and gas exploration company with a high potential exploration asset in Somaliland and an active strategy to deliver shareholder value through disciplined, exploration and production projects, announces that Waterford Finance & Investment Limited, (an entity owned by the Kroupeev Family Trust which Michael Kroupeev, non-executive chairman is a beneficiary of), sold 500,000 ordinary shares on 18 April 2019 of £0.10 each in the Company at 11.6 pence per share. As a result of this trade, Michael Kroupeev is now beneficially interested in 64,315,517 shares, representing approximately 29.2% of the Company's issued share capital.

 

1.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Michael Kroupeev

2.         

Reason for the notification

a.         

Position/status

Non-Executive Chairman

b.         

Initial notification/Amendment

Initial Notification

3.         

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

a.         

Name

Sterling Energy Plc

b.         

LEI

21380028BFDFJK8BRX92

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 £0.10 per share par value

 

 

GB00B4X3Q493

b.         

Nature of the transaction

Disposal of Shares

c.         

Price(s) and volume(s)

 

Price(s)

Volume(s)

11.6p

500,000

 

d.         

Aggregated information

·      Aggregated volume

·      Price

 

 

500,000

11.6p

e.         

Date of the transaction

18 April 2019

f.         

Place of the transaction

London Stock Exchange, AIM

 

 

 

Sterling Energy Plc

Tel: +44 (0) 20 7405 4133

David Marshall, Chief Executive Officer

Michael Kroupeev (Chairman)




Peel Hunt LLP

Tel: +44 (0) 20 7418 8900

Richard Crichton

James Bavister

 

www.sterlingenergyplc.com                     

 

 

 

 

Ticker Symbol: SEY

 


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.
 
END
 
 
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Quick facts: Sterling Energy plc

Price: 8.9

Market: AIM
Market Cap: £19.58 m
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