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Stock Option Price Conversion

JERSEY, Channel Islands, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Serinus Energy plc (“Serinus”, “SEN” or the “Company”) (AIM:SENX, WSE:SEN), announces that following the continuance of the Company to Jersey, Channel Islands and the admission of the Company’s shares to trading on the AIM market of the London Stock Exchange, the Company’s Board of Directors have approved the conversion of the strike price of the outstanding stock options of senior executives and staff from Canadian Dollars per share to Pound Sterling per share. This strike price conversion was set using the GBP/CAD exchange rate at the date of the continuance, this being 03 May 2018.

About Serinus
Serinus is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania.

For further information, please refer to the Serinus website (www.serinusenergy.com) or contact the following:

Serinus Energy plc 
Jeffrey Auld, Chief Executive Officer
Calvin Brackman, Vice President, External Relations & Strategy
+1-403-264-8877
   
Numis Securities Limited
(Nominated Adviser and Joint Broker)
John Prior
Paul Gillam
Ben Stoop
+44 (0) 20 7260 1000
   
GMP FirstEnergy
(Joint Broker)
Hugh Sanderson
Jonathan Wright
+44 (0) 20 7448 0200
   
Camarco
(Financial PR)
Billy Clegg
Owen Roberts
+44 (0) 20 3781 8334

Forward Looking Statement Disclaimer
This news release includes forward looking information and statements within the meaning of securities laws. Such statements relate to the Corporation’s or management’s objectives, projections, estimates, expectations, or predictions of the future and can be identified by words such as “plans”, “assumes”, “will”, “anticipate” and “may” or variations of such words. These statements are based on certain assumptions and analyses by the Corporation that reflect its experience and understanding of future developments. Such statements are subject to a number of uncertainties, including, but not limited to, continued listing on the Warsaw Stock Exchange and AIM, the Corporation’s ability to realize the anticipated benefits of the delisting and other factors identified in the Corporation’s filings with regulatory authorities in Canada. Many of these uncertainties are beyond the Corporation’s control and, therefore, may cause actual actions or results to differ from those expressed or implied herein. The Corporation disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, unless required by law.

Translation: This news release has been translated into Polish from the English original.

1 Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated Reason for the notification  
a) Name Jeffrey Auld  
Tracy Heck  
Calvin Brackman  
Alexandra Damascan  
   
2 Reason for the notification  
a) Position/status Jeffrey Auld (Chief Executive Officer)  
Tracy Heck (Chief Financial Officer)  
Calvin Brackman (VP, External Relations & Strategy)  
Alexandra Damascan (President, Serinus Energy Romania SA)  
   
b) Initial notification Initial Notification  
/Amendment  
   
3 Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor  
a) Name Serinus Energy Plc  
b) LEI 549300W183KUX62DVI32  
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 no par value



JE00BF4N9R98
 
 
 
 
 
 
b) Nature of the transaction Change of strike price of options following delisting from Toronto Stock Exchange and listing on AIM  
 
c) Price(s) and volume(s)          
PDMR Volume Previous strike price (C$) New strike price (GBP)  
Jeffrey Auld 3,500,000 0.32 0.18  
1,000,000 0.37 0.21  
Tracy Heck 2,750,000 0.37 0.21  
Calvin Brackman 750,000 0.37 0.21  
Alexandra Damascan 250,000 0.37 0.21  
   
d) Aggregated information

- Aggregated volume

- Price
   
PDMR Volume Total aggregate strike value at previous strike price (C$) Total aggregate strike value at new strike price (GBP)  
Jeffrey Auld 4,500,000 1,490,000 840,000  
Tracy Heck 2,750,000 1,017,500 577,500  
Calvin Brackman 750,000 277,500 157,500  
Alexandra Damascan 250,000 92,500 52,500  
e) Date of the transaction 09 October 2018  
f) Place of the transaction Off Market  

Serinus logo - JPEG.jpg

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