Press release from Companies
Published: 2026-02-27 02:02:10
February 27, 2026
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR), the listed international energy production and development company, announces that it has granted a total of 29,031,131 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 0.44 per Option (approximately equivalent to £0.034 or 0.42 SEK), are fully vested and have a duration of five years from the date of issue.
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Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer |
Tel: +1 (587) 315 1279
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Notes to Editors:
Market Abuse Regulation (MAR) Disclosure
The information contained in this announcement is information that the Company is required to disclose under the EU Market Abuse Regulation (Regulation (EU) No 596/2014) (“MAR”), as applicable in Sweden and to companies listed on Spotlight Stock Market. The information was submitted for publication, through the agency of the contact person listed above, at the time this announcement was made public. Following publication, this information is now considered to be in the public domain.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Andrea Cattaneo |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer & President |
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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 |
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a) |
Name |
Zenith Energy Ltd. |
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b) |
LEI |
213800AYTYOYD61S4569 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Options for common shares of no par value in Zenith Energy Ltd. |
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Identification code |
CA98936C8584 |
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b) |
Nature of the transaction |
Grant of Stock Options in accordance with Stock Option Plan |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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NOK 0.44 |
16,838,056 |
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d) |
Date of the transaction(s) |
February 27, 2026 |
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e) |
Place of the transaction |
Off Market |
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| 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 | |
| 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 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 0.44 | 2,903,113 | ||
| d) | Date of the transaction(s) | February 27, 2026 | |
| 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 | |
| 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 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 0.44 | 1,451,557 | ||
| d) | Date of the transaction(s) | February 27, 2026 | |
| e) | Place of the transaction | Off Market | |
