TIDMZEN

RNS Number : 0898H

Zenith Energy Ltd

30 July 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

July 30, 2021

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Director/ PDMR Shareholding

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, announces that its Chief Executive Officer, Mr. Andrea Cattaneo, has notified the Company that yesterday, July 29, 2021, he purchased a total of 1,954,397 common shares of no par value ("Common Shares") in the capital of the Company at a price of NOK 0.1535 per Common Share (equivalent to approximately GBP0.012).

Following the aforementioned dealing, Mr. Cattaneo is directly beneficially interested in a total of 63,438,512 common shares in the capital of the Company, representing 4.51 percent of the total issued and outstanding common share capital of the Company.

Further Information:

 
 Zenith Energy Ltd 
 Andrea Cattaneo, Chief Executive      Tel: +1 (587) 315 
  Officer                               9031 
                                      ----------------------------- 
                                       E-mail: info@zenithenergy.ca 
                                      ----------------------------- 
 Allenby Capital Limited - Financial 
  Adviser & Broker 
                                      ----------------------------- 
 Nick Harriss                          Tel: + 44 (0) 203 
  Nick Athanas                          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 oil & gas sector, specifically in Africa.

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 
 a)    Name                                  Andrea Cattaneo 
      ------------------------------------  --------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status                       Chief Executive Officer & President 
      ------------------------------------  --------------------------------------- 
 b)    Initial                               Initial Notification 
        notification/Amendment 
      ------------------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------- 
 a)    Name                                  Zenith Energy Ltd. 
      ------------------------------------  --------------------------------------- 
 b)    LEI                                   213800AYTYOYD61S4569 
      ------------------------------------  --------------------------------------- 
 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                       Common Shares of No Par Value 
        instrument, 
        type of 
        instrument 
      ------------------------------------  --------------------------------------- 
       Identification                        CA98936C1068 
        code 
      ------------------------------------  --------------------------------------- 
 b)    Nature of                             Purchase of Common Shares 
        the transaction 
      ------------------------------------  --------------------------------------- 
 c)    Price(s)                              Price(s)             Volume(s) 
        and volumes(s) 
      ------------------------------------  -------------------  ------------------ 
   NOK 
    0.1535                                                        1,954,397 
  -------------------------------------------------------------  ------------------ 
 d)    Date of                               July 29, 2021 
        the transaction(s) 
      ------------------------------------  --------------------------------------- 
 e)    Place of                               Off Market 
        the transaction 
      ------------------------------------  ---------------------------------------

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END

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July 30, 2021 06:35 ET (10:35 GMT)

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