Trinity Exploration & Production Issue of Equity, Director / PDMR Dealings and TVR (7784V)
August 11 2022 - 12:46PM
UK Regulatory
TIDMTRIN
RNS Number : 7784V
Trinity Exploration & Production
11 August 2022
Trinity Exploration & Production plc
('Trinity' or the 'Company' or the 'Group')
Issue of Equity, Director PDMR Dealings and Total Voting
Rights
Trinity Exploration & Production plc (AIM: TRIN), the
independent E&P company focused on Trinidad and Tobago,
announces the Company has issued 852,014 new ordinary shares in the
Company ('Ordinary Shares') to certain employees who have exercised
options that vested in respect of the 2017 One Off Award, 2017
Rolling Award and 2018 Award made under the approved 2017 Long Term
Incentive Plan ("LTIP"), as announced to the market on 10 July
2020, 13 August 2021 and 7 June 2022. The 852,014 Ordinary Shares
issued fall under the block admission to trade that was effective
from 16 July 2020. Following the issue of shares the Company's
issued share capital is 39,884,637 Ordinary Shares of USD 0.01 each
in issue with no shares held in treasury.
Of the Ordinary Shares to be issued, Jeremy Bridglalsingh ,
Chief Executive Officer, has exercised 361,369 options of which
111,041 Ordinary shares were sold to cover tax liabilities in
respect of the Ordinary Shares issued. Following these
transactions, Mr Bridglalsingh is interested in 319,463 Ordinary
shares in the Company representing 0.8 % per cent of the enlarged
issued share capital (voting rights), of the Company as per the
table below.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Jeremy Bridglalsingh
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2 Reason for the notification
--------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------------------------ ------------------------------------------------------
b) Initial notification/Amendment Initial notification
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3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--------------------------------------------------------------------------------------------------------------
a) Name Trinity Exploration & Production plc
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b) LEI 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 Ordinary shares of USD 0.01 per share par value
instrument
GB00B8JG4R91
Identification code
------------------------------------------------------ ------------------------------------------------------
b) Nature of the transaction 1. Exercise of Options under the Trinity Exploration
& Production plc Long Term Incentive
Plan
2. Sale of Ordinary Shares
------------------------------------------------------ ------------------------------------------------------
c) Currency GBP
------------------------------------------------------ ------------------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 361,369
--------- ----------
2. 96.9p 111,041
--------- ----------
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e ) Aggregated information
- Aggregated volume
- Aggregated price N/A
- Aggregated total
------------------------------------------------------ ------------------------------------------------------
f ) Date of the transaction 11 August 2022
------------------------------------------------------ ------------------------------------------------------
g ) Place of the transaction London Stock Exchange, AIM
------------------------------------------------------ ------------------------------------------------------
Enquiries:
Trinity Exploration & Production plc Via Walbrook
Nick Clayton, Non- Executive Chairman
Jeremy Bridglalsingh, Chief Executive Officer
SPARK Advisory Partners Limited ( Nominated Tel: +44 (0)20 3368
Adviser and Financial Adviser) 3550
Mark Brady
James Keeshan
Cenkos Securities PLC (Broker) Tel: +44 (0)20 7397
Leif Powis 8900
Neil McDonald +44(0)131 220 6939
Walbrook PR Limited Tel: +44 (0)20 7933
Nick Rome /Tom Cooper 8780
trinityexploration@walbrookpr.com
About Trinity ( www.trinityexploration.com )
Trinity is an independent oil 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 ten licences and, across all of the
Group's assets, management's estimate of the Group's 2P reserves as
at the end of 2021 was 19.73 mmbbls. Group 2C contingent resources
are estimated to be 47.22 mmbbls. The Group's overall 2P plus 2C
volumes are therefore 66.95 mmbbls."
Trinity is quoted on the AIM market of the London Stock Exchange
under the ticker TRIN.
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END
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