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 Angus Winther, non-executive director, purchased 427,350 shares in the Company at a price of 11.7p per share.
Following this transaction, Mr Winther is interested in 30,102,994 Ordinary shares in the Company representing 7.84 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 | Angus Winther | |
| 2 | Reason for the notification | ||
| a) | Position/status | 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
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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 | ||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of USD 0.01 per share par value GB00B8JG4R91
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| b) | Nature of the transaction | Purchase | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 0.117
| 427,350
| ||
| e) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
427,350 £49,999.95 £49,999.95
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| f) | Date of the transaction | 14.05.2019
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| 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 |
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| SPARK Advisory Partners Limited (Nominated Adviser and Financial Adviser) | +44 (0)20 3368 3550 |
| Mark Brady Miriam Greenwood Andrew Emmott |
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| Cenkos Securities PLC (Broker) |
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| Joe Nally (Corporate Broking) Neil McDonald Beth McKiernan Derrick Lee Pete Lynch
| +44 (0)20 7397 8900 +44 (0)131 220 6939 |
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| Whitman Howard Limited (Equity Adviser) | +44 (0)20 7659 1234 |
| Nick Lovering Hugh Rich |
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| Walbrook PR Limited | +44 (0)20 7933 8780 |
| Nick Rome |
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.