REG - Challenger Energy - Admission to trading on OTCQB Market

Challenger EnergyAnnouncement

02/04/2025 07:00

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RNS Number : 1094D  Challenger Energy Group PLC  02 April 2025

2 April 2025

Challenger Energy Group PLC

 

 Admission to trading on OTCQB Market in the United States

 

Challenger Energy Group PLC (AIM:CEG, OTCQB:BHSPF) ("Challenger" or "the
Company"), the Atlantic margin focused energy company, is pleased to announce
that its ordinary shares have been approved to trade on the OTCQB Venture
Market ("OTCQB") in the United States, and will commence trading at market
open today, under the ticker symbol "BHSPF".

Trading of the Company's ordinary shares on the OTCQB offers significant
benefits to investors, including enhanced access to trading for U.S. investors
and potentially greater liquidity due to a broader geographic pool of
potential investors. By trading on the OTCQB, the Company will be able to
engage directly with U.S. investors, ensuring that they have the same level of
information and disclosure available as those in the United Kingdom, but
through U.S.-facing platforms and portals. Additionally, the OTCQB trading
facility will provide U.S. based investors with the ability to access the
Company's ordinary shares in U.S. dollars during U.S. market hours.

Trading of the Company's shares on the OTCQB will not affect trading of the
Company's ordinary shares on AIM, which will continue under the symbol "CEG",
and no new ordinary shares have been issued through this process. The Company
will continue to make all announcements and disclosures to the London Stock
Exchange through the Regulatory News Service and is not subject to any
Sarbanes-Oxley or US Securities and Exchange Commission reporting
requirements.

Eytan Uliel, CEO of Challenger Energy, said:

"Since closing our farmout agreement with Chevron for the AREA OFF-1 block in
Uruguay, we have seen a steady rise in interest in our company from North
American investors - a natural development given the geographic location of
our assets and the identity of our principal partner. Trading on the OTCQB is
expected to enhance the Company's visibility, broaden our reach, and drive
greater engagement with US investors who are well placed to understand the
significant upside value potential inherent in Challenger Energy at this time.
Over the coming months we will be making full use of the benefits that come
from being admitted to trading on the OTCQB, alongside our regular engagement
activities within the UK."

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For further information, please contact:

 

 Challenger Energy Group PLC                                  Tel: +44 (0) 1624 647 882

 Eytan Uliel, Chief Executive Officer
 Zeus - Nomad and Joint Broker                                Tel: +44 (0) 20 3829 5000

 Simon Johnson/Antonio Bossi/Darshan Patel/ George Duxberry
 Stifel - Joint Broker                                        Tel: +44 (0) 20 7710 7600

 Ashton Clanfield / Callum Stewart / Simon Mensley
 Gneiss Energy Limited - Financial Adviser                    Tel: +44 (0) 20 3983 9263

 Jon Fitzpatrick / Paul Weidman / Doug Rycroft
 CAMARCO - Financial PR                                         Tel: +44 (0) 20 3757 4980

 Billy Clegg / Georgia Edmonds / Emily Hall
 Jonathan Paterson - Investor Relations                         Tel: +1 475 477 9401

 jonathan.paterson@harbor-access.com

 

 

Notes to Editors

 

Challenger Energy is an Atlantic-margin focused energy company, with a current
high-impact position in Uruguay, where the Company holds two offshore
exploration licences, totalling 19,000km(2) (gross) and is partnered with
Chevron on the AREA-OFF 1 block. Challenger Energy is quoted on the AIM market
of the London Stock Exchange and the OTCQB in the United States.

 

https://www.cegplc.com (https://www.cegplc.com/)

 

ENDS

 

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