Grant of Stock Options
In brief · summary, not quotable
Company granted 27.2m stock options to directors and employees at NOK 1.26 per option.
- Total stock options granted 27,183,142
- Exercise price per option NOK 1.26 (approximately £0.09)
- Options granted to CEO & President 13,047,909
- Options duration 5 years
Full announcement
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Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTC PINK: ZENAF), the listed international energy production and development company, is pleased to announce that it has granted a total of 27,183,142 stock options (the "Options") to certain Directors and employees of the Company in accordance with the Company's Stock Option Plan.
The Options have an exercise price of NOK 1.26 per Option (approximately equivalent to £0.09), are fully vested and have a duration of five years from the date of issue.
| a) | Name | Andrea Cattaneo | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer & President | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Zenith Energy Ltd. | |
| b) | LEI | 213800AYTYOYD61S4569 | |
| a) | Description of the financial instrument, type of instrument | Options for common shares of no par value in Zenith Energy Ltd. | |
| Identification code | CA98936C8584 | ||
| b) | Nature of the transaction | G rant of Stock Options in accordance with Stock Option Plan | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| NOK 1.26 | 13,047,909 | ||
| d) | Date of the transaction(s) | February 20, 2025 | |
| e) | Place of the transaction | Off Market | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Luca Benedetto | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer and Executive Director | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Zenith Energy Ltd. | |
| b) | LEI | 213800AYTYOYD61S4569 | |
| a) | Description of the financial instrument, type of instrument | Options for common shares of no par value in Zenith Energy Ltd. | |
| Identification code | CA98936C8584 | ||
| b) | Nature of the transaction | Grant of Stock Options in accordance with Stock Option Plan | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| NOK 1.26 | 3,941,555 | ||
| d) | Date of the transaction(s) | February 20, 2025 | |
| e) | Place of the transaction | Off Market | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Dario Sodero | |
| 2 | Reason for the notification | ||
| a) | Position/status | Non-Executive Director | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Zenith Energy Ltd. | |
| b) | LEI | 213800AYTYOYD61S4569 | |
| a) | Description of the financial instrument, type of instrument | Options for common shares of no par value in Zenith Energy Ltd. | |
| Identification code | CA98936C8584 | ||
| b) | Nature of the transaction | Grant of Stock Options in accordance with Stock Option Plan | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| NOK 1.26 | 1,902,820 | ||
| d) | Date of the transaction(s) | February 20, 2025 | |
| e) | Place of the transaction | Off Market | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Sergey Borovskiy Alexandrovich | |
| 2 | Reason for the notification | ||
| a) | Position/status | Non-Executive Director | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Zenith Energy Ltd. | |
| b) | LEI | 213800AYTYOYD61S4569 | |
| a) | Description of the financial instrument, type of instrument | Options for common shares of no par value in Zenith Energy Ltd. | |
| Identification code | CA98936C8584 | ||
| b) | Nature of the transaction | Grant of Stock Options in accordance with Stock Option Plan | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| NOK 1.26 | 1,902,820 | ||
| d) | Date of the transaction(s) | February 20, 2025 | |
| e) | Place of the transaction | Off Market | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | José Ramón López Portillo | |
| 2 | Reason for the notification | ||
| a) | Position/status | Non-Executive Director, Chairman | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Zenith Energy Ltd. | |
| b) | LEI | 213800AYTYOYD61S4569 | |
| a) | Description of the financial instrument, type of instrument | Options for common shares of no par value in Zenith Energy Ltd. | |
| Identification code | CA98936C8584 | ||
| b) | Nature of the transaction | Grant of Stock Options in accordance with Stock Option Plan | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| NOK 1.26 | 1,902,820 | ||
| d) | Date of the transaction(s) | February 20, 2025 | |
| e) | Place of the transaction | Off Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.