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Trinity Exploration - Director/PDMR Shareholding

RNS Number : 8257B
Trinity Exploration & Production
11 June 2019
 

Trinity Exploration & Production plc

("Trinity" or 'the Group' or "the Company")

 

PDMR Dealings

Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, announces that Nick Clayton, senior independent non-executive director, purchased 100,000 shares in the Company at a price of 11.615p per share.

Following this transaction, Mr Clayton is interested in 100,000 Ordinary shares in the Company representing 0.026% per cent of the issued share capital (voting rights), of the Company as per the following table:

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nick Clayton

2

Reason for the notification

a)

Position/status

Senior Independent Non-Executive Director

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Trinity Exploration & Production plc

b)

Legal Entity Identifier

213800WHW7571LAEDG63

 

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 USD 0.01 per share par value

GB00B8JG4R91

 

b)

Nature of the transaction

Purchase

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.11615

 

100,000

 

e)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

100,000

£11,615.00

£11,615.00

 

f)

Date of the transaction

11.06.2019

 

g)

Place of the transaction

London Stock Exchange, AIM

 

*-ends*-

Enquiries

 

For further information please visit www.trinityexploration.com or contact:

 

Trinity Exploration & Production plc

+44 (0)131 240 3860

Bruce Dingwall CBE, Executive Chairman

Jeremy Bridglalsingh, Chief Financial Officer

Tracy Mackenzie, Corporate Development Manager




SPARK Advisory Partners Limited (Nominated Adviser and Financial Adviser)

+44 (0)20 3368 3550

Mark Brady

Miriam Greenwood

Andrew Emmott




Cenkos Securities PLC (Broker)


Joe Nally (Corporate Broking)

Neil McDonald

Beth McKiernan

Derrick Lee

Pete Lynch

 

+44 (0)20 7397 8900

+44 (0)131 220 6939



Whitman Howard Limited (Equity Adviser)

+44 (0)20 7659 1234

Nick Lovering

Hugh Rich




Walbrook PR Limited

+44 (0)20 7933 8780

Nick Rome

trinityexploration@walbrookpr.com

 

About Trinity (www.trinityexploration.com)

Trinity is an independent oil and gas exploration and production company focused solely on Trinidad and Tobago.  Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth.  The Company operates all of its nine licences and, across all of the Group's assets, management's estimate of 2P reserves as at the end of 2018 was 24.5 mmbbls. Group 2C contingent resources are estimated to be 18.8 mmbbls. The Group's overall 2P plus 2C volumes are therefore 43.3 mmbbls.

Trinity is quoted on the AIM market of the London Stock Exchange under the ticker TRIN.

 


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 rns@lseg.com or visit www.rns.com.
 
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Quick facts: Trinity Exploration & Production PLC

Price: 9.503

Market: AIM
Market Cap: £36.95 m
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