Director/PDMR Shareholding
Cadogan Energy Solutions announced that Non-Executive Director Michel Meeus terminated a financial agreement with collateral over 10,200,000 ordinary shares at a price of £0.0365 each. Following this transaction, Mr. Meeus holds a total of 15,823,000 shares, representing 6.3% of the company. The termination occurred on March 15, 2024, and involved ordinary shares of 3 pence each. The transaction price was £0.026 for a volume of 15,800,000 shares.
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Cadogan Energy Solutions plc ("Cadogan" or the "Company") today announces that its Non-Executive Director, Mr. Michel Meeus, has terminated a financial agreement with collateral over 10,200,000 ordinary shares of £0.03 each, in the capital of the Company, at a price of £0.0365 each.
Following this transaction, Mr Michel Meeus holds in total 15,823,000 shares representing 6.3% of the Company.
About
Cadogan is an independent, energy company, which operates an exploration and production license in Western Ukraine, develops a gas exploration license in Italy, and will start producing electricity in Ukraine before the end of 2025. The aim of the Company is to be a diversified energy group making investments offering energy solutions and alternative services with a lower environmental impact.
The notification detailed above and summarised in the table below is made in accordance with the requirements of the EU Market Abuse Regulations as follows:
Mr Michel Meeus, Non-Executive Director, has terminated on 15 March 2024 a financial agreement with collateral over 15,800,000 ordinary shares of £0.03 each, in the capital of the Company.
| 1. | Details of PDMR/ person closely associated with them (`PCA') | |||||
| a) | Name | Michel Meeus | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| b) | Initial notification / Amendment | Initial notification of sale of shares | ||||
| a) | Name | Cadogan Energy Solutions plc | ||||
| b) | LEI | 213800JIBKL29FAK1213 | ||||
| Description of the financial instrument, type of instrumentIdentification code | Ordinary shares of 3 pence each GB00B12WC938 | |||||
| b) | Nature of the transaction | Termination of a financial agreement with collateral over 15,800,000 shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| Aggregated information Aggregated volume Price | 15,800,000£0.026 | |||||
| e) | Date of the transaction | 15 March 2024 | ||||
| f) | Place of the transaction | OTC |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.