REG - EnQuest PLC - Nasdaq Stockholm delisting update

EnquestAnnouncement

30/10/2023 14:00

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RNS Number : 7411R  EnQuest PLC  30 October 2023

 

 

 

EnQuest PLC, 30 October 2023

 

EnQuest application to delist its shares from Nasdaq Stockholm - shareholder
update

 

As notified in a previous announcement on 5 September 2023, EnQuest PLC
('EnQuest' or the 'Company') plans to apply for a delisting of the Company's
shares from Nasdaq Stockholm. The formal request to delist is therefore
expected to be submitted to Nasdaq Stockholm on 5 December with the last day
of trading likely to be around two weeks after the application date (the
"Delisting Date"). The Company's shares will remain listed on the London Stock
Exchange.

In order to continue trading in EnQuest shares, EnQuest shareholders holding
their shares through Euroclear Sweden AB must arrange for a cross-border
transfer of their shares into the book-entry system maintained by Euroclear UK
& Ireland Limited (also known as CREST).

DNB Markets, a part of DNB Bank ASA, Sweden Branch ('DNB Markets') acts as
EnQuest's Issuing Agent and will coordinate the conversion process.
Shareholders should in the first instance, however, discuss the cross-border
transfer of shares with their respective nominee bank.

Cross-border transfer applications should be made within the period of action,
defined as being 31 October to 13 December 2023, and transfers made through
DNB will be completed free of any charges to individual shareholders and
nominees. Shareholders that do not apply for the cross-border transfer within
the period of action will not be able to trade in the Company's shares
following the Delisting Date.

·      A letter with cross-border instructions will be distributed to
all directly registered shareholders and to all custodians by 1 November 2023.

·      The instruction letter explains the cross-border process and any
actions to be taken by shareholders.

·      Cross-border settlement will be done on a weekly basis starting
from 8 November until 13 December

Shareholders should contact their respective nominee banks or EnQuest's
Issuing Agent, DNB Markets (email: emissioner@dnb.se phone: +4684734550), for
more information.

The information was submitted for publication, through the agency of the
contact persons set out below, at 14:00 UK time on 30 October 2023.

 

 

Ends

 

For further information please contact:

 EnQuest PLC
                                        Tel: +44 (0)20
7925 4900

Amjad Bseisu (Chief Executive Officer)

Salman Malik (Chief Financial Officer)

Craig Baxter (Head of Investor Relations)

 

Teneo
 
Tel: +44 (0)20 7353 4200

Martin Robinson

Martin Pengelley

Harry Cameron

 

Notes to editors

 ENQUEST

EnQuest is providing creative solutions through the energy transition. As an
independent energy company with operations in the UK North Sea and Malaysia,
the Group's strategic vision is to be the partner of choice for the
responsible management of existing energy assets, applying its core
capabilities to create value through the transition.

EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX
Stockholm.

Please visit our website www.enquest.com for more information on our global
operations.

Forward-looking statements: This announcement may contain certain
forward-looking statements with respect to EnQuest's expectations and plans,
strategy, management's objectives, future performance, production, reserves,
costs, revenues and other trend information. These statements and forecasts
involve risk and uncertainty because they relate to events and depend upon
circumstances that may occur in the future. There are a number of factors
which could cause actual results or developments to differ materially from
those expressed or implied by these forward-looking statements and forecasts.
The statements have been made with reference to forecast price changes,
economic conditions and the current regulatory environment. Nothing in this
announcement should be construed as a profit forecast. Past share performance
cannot be relied upon as a guide to future performance.

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