REG - Sintana Energy Inc - Sintana Announces Amendments to its By-Laws

Sintana EnergyAnnouncement

26/03/2026 11:30

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RNS Number : 3001Y  Sintana Energy Inc  26 March 2026

 

26 March 2026

 

Sintana Energy, Inc.

("Sintana" or "the Company")

 

Sintana Announces Amendments to its By-Laws

 

Sintana Energy Inc. (TSXV: SEI, AIM: SEI, OTCQX: SEUSF) (the "Company" or
"Sintana") announces that its board of directors (the "Board") has approved
amendments to the Company's By-Law No. 1 (the "By-law Amendments") in order
to, amongst other things, comply with the AIM Rules for Companies (as
published by the London Stock Exchange plc, as amended from time to time) (the
"AIM Rules") following the Company's admission to trading on the AIM Market of
the London Stock Exchange ("AIM") on December 23, 2025.

The By-law Amendments are intended to implement certain AIM-related
shareholder disclosure and enforcement requirements that are not reflected in
the same manner under Canadian securities rules, as well as modernize certain
director residency requirements to better align with changes made to the
Business Corporations Act (Alberta) since the original by-laws came into
effect.

With respect to AIM compliance, the By-law Amendments require persons with
direct or indirect holdings of 3% or more of any class of AIM securities of
the Company (a "significant shareholder"), including through a combination of
shares, depositary interests and qualifying financial instruments, to notify
the Company of certain information without delay (and in any event within two
business days) of becoming a significant shareholder, including, but not
limited to, (i) the percentage of its holding and the date on which the
relevant threshold was reached or crossed; (ii) if applicable, the chain of
controlled undertakings through which the AIM security is effectively held;
(iii) the identity of the significant shareholder; (iv) the price, amount and
class of shares or depositary interest concerned; and (v) the nature of the
transaction giving rise to the notification. The By-law Amendments also
require further notification from a significant shareholder each time such
holdings above 3% increase or decrease through any single percentage point.

If a significant shareholder fails to comply with these disclosure
requirements, the By-law Amendments provide for consequences that include
restrictions on the right to attend and vote at shareholder meetings and, in
the case of larger holdings, restrictions on the receipt of dividends and the
ability to transfer shares, subject to limited exceptions.

Regulatory Approvals

Under the Business Corporations Act (Alberta), the Board may make, amend or
repeal the Company's by-laws by resolution. Accordingly, the By-law Amendments
are currently in effect. To remain effective, the By-law Amendments must also
be ratified by a majority of the Company's shareholders. The full text of the
By-law Amendments will be placed before the Company's shareholders at the next
annual meeting, where the shareholders will be asked to consider and vote on
the By‑law Amendments. If the By‑law Amendments are approved by a majority
of shareholders eligible to vote at the meeting, they will continue in force
without interruption. If they are not approved, the By‑law Amendments will
cease to have effect following the meeting, and the Company's previous
by‑laws will be reinstated automatically.

The By-law Amendments also remain subject to final acceptance by the TSX
Venture Exchange.

For further information, please contact:

 Sintana Energy Inc                                Tel: +1 212 201 4125

 Robert Bose, Chief Executive Officer

 Eytan Uliel, President

 Zeus - Nomad and Joint Broker                     Tel: +44 (0) 20 3829 5000

 Antonio Bossi / Darshan Patel / George Duxberry

 Simon Johnson (Broking)

 Cavendish Capital Markets Limited - Joint Broker  Tel: +44 (0) 20 3493 8000

 Neil McDonald / Derrick Lee / Pearl Kellie

 Jonathan Paterson - Investor Relations            Tel: +1 475 477 9401
 jonathan.paterson@harbor-access.com
 (mailto:jonathan.paterson@harbor-access.com)

 CAMARCO - Financial PR                            Tel: +44 (0) 20 3757 4980
 Billy Clegg / Georgia Edmonds / Sam Morris

 

About Sintana

Sintana, the Canadian parent company of a group of companies, is focused on
the acquisition, exploration, potential development, and ultimately the
monetisation of a diverse portfolio of interests in high-impact assets with
significant hydrocarbon resource potential in emerging "frontier" geographies.
Specifically, this includes interests in eight licences in two countries,
Namibia and Uruguay, as well as pending indirect interests in additional
licences in Namibia and Angola (and legacy assets in Colombia and The
Bahamas), providing exposure to a range of geologic plays, basins, operators,
regulators, jurisdictions and geopolitical regimes.

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

Forward-Looking Statements

The information provided in this announcement contains certain forward-looking
statements and information (collectively, "forward-looking statements") within
the meaning of applicable securities laws. Such forward-looking statements
include, without limitation, forecasts, estimates, expectations and objectives
for future operations that are subject to assumptions, risks and
uncertainties, many of which are beyond the control of Sintana.
Forward-looking statements are predictive in nature, depend upon or refer to
future events or conditions, or include words such as "expect", "plan",
"anticipate", "believe", "intend", "maintain", "continue to", "pursue",
"design", "result in", "sustain" "estimate", "potential", "growth",
"near-term", "long-term", "forecast", "contingent" and similar expressions, or
are events or conditions that "will", "would", "may", "could" or "should"
occur or be achieved. The forward-looking statements contained in this
announcement speak only as of the date hereof and are expressly qualified by
this cautionary statement.

Forward-looking statements are based upon, among other things, factors,
expectations and assumptions that Sintana has made as at the date of this
announcement regarding, among other things, the receipt of all applicable
regulatory approvals and the anticipated schedule for receipt of funds
pursuant to the Settlement Agreement.

Undue reliance should not be placed on the forward-looking statements because
no assurance can be given that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. These risks include, but
are not limited to, the ability of Sintana to receive all necessary regulatory
approvals and third party satisfaction of all conditions of the Settlement
Agreement.

Except as may be required by applicable securities laws, Sintana does not
assume any obligation or intent to update publicly or revise any
forward-looking statements made herein, whether as a result of new
information, future events or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

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