Panoro Energy ASA (OSE ticker code "PEN") announces that the following
primary insiders in the Company have purchased shares on November 7,
2014:
Julien Balkany, non-executive Chairman and a member of the Board, has
through Nanes Balkany Partners I LP, an affiliate indirectly controlled
by him, bought 350,000 shares at an average price of NOK 2.28 per share.
Following this purchase Julien Balkany has a direct and indirect control
and beneficial ownership of 5,406,051 shares in Panoro Energy ASA.
Jan Kielland, Chief Executive Officer has bought 50,000 shares at an
average price of NOK 2.36 per share. Following this, Jan Kielland
controls 50,000 shares in Panoro Energy ASA.
Nishant Dighe, Chief Operating Officer has bought 15,331 shares at an
average price of NOK 2.31 per share. Following this, Nishant Dighe
controls 1,325,000 shares in Panoro Energy ASA.
Qazi Qadeer, Interim Chief Financial Officer has bought 25,000 shares at
an average price of NOK 2.33 per share. Following this, Qazi Qadeer
controls 25,000 shares in Panoro Energy ASA.
This information is subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
For more information, please contact:
Qazi Qadeer
Interim Chief Financial Officer
Tel.: +44 203 405 1084
Cell: +44 798 169 0670
Email: qazi.qadeer@panoroenergy.com