REG - Zenith Energy Ltd - Exercise of Warrants

Zenith EnergyAnnouncement

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RNS Number : 7997T  Zenith Energy Ltd  04 August 2025

August 4, 2025

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Exercise of Warrants

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA-ME), the listed international energy production and development company,
announces that certain investors, including a Non-Executive Director of the
Company, have exercised warrants to acquire new common shares in the capital
of the Company (the "Warrant Exercise").

The Warrant Exercise has raised an aggregate total amount of approximately
US$308,000 (equivalent to approx. NOK 3,120,000 or GBP 228,000), resulting in
the issuance of a total of 10,761,158 new common shares (the "Warrant Shares
").

An application for the Warrant Shares to be listed on the Equity Shares
(Transition) category of the Official List and to trading on the London Stock
Exchange's Main Market for listed securities will be made within 12 months of
the issue of the Warrant Shares.

The warrant exercise price, as detailed in the regulatory news announcement
dated October 28, 2024, is NOK 0.29 per Warrant Share.

The Warrant Shares will rank pari-passu in all respects with the existing
common shares of the Company.

Director Dealing/ PDMR Shareholding

Mr. Sergey Borovskiy, a Non-Executive Director of Zenith, has exercised
warrants resulting in the issuance of 314,552 Warrants Shares of no-par value
in the capital of the Company.

Upon Admission of the Warrant Shares, Mr. Borovskiy will be directly
beneficially interested in a total of 8,550,488 common shares in the capital
of the Company, representing 1.70% percent of the total issued and outstanding
common share capital of the Company.

Total Voting Rights

The Company wishes to announce the following information, in accordance with
the Financial Conduct Authority's Disclosure Guidance and Transparency Rules
and section 3.10 and 3.11.5 (3) of the Euronext Growth Oslo Rule Book Part II,
resulting from the issuance of the Warrants Shares.

 Class of share                                                                Total number of shares   Number of voting rights per share   Total number of voting rights per class of share

 Common Shares in issue and admitted to trading on the Main Market of          328,482,086              1                                   328,482,086
 the London Stock Exchange
 Common Shares in issue and admitted to trading on the Euronext Growth Market  503,985,620              1                                   503,985,620
 of the Oslo Børs.

 

 

Further Information:

 Zenith Energy Ltd

Andrea Cattaneo, Chief Executive Officer  Tel: +1 (587) 315 1279

                                            E:       info@zenithenergy.ca (mailto:info@zenithenergy.ca)

 

Notes to Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with
energy production, exploration and development assets in North Africa, the US
and Europe. The Company is listed on the London Stock Exchange Main Market
(LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and the
Pink Markets of the OTC (OTC PINK: ZENAF).

Zenith's strategic focus is on pursuing development opportunities through the
development of proven revenue generating energy production assets, as well as
low-risk exploration activities in assets with existing production.

 

For more information, please visit:  www.zenithenergy.ca
(http://www.zenithenergy.ca)

Twitter: @zenithenergyltd

LinkedIn:  https://bit.ly/3A5PRJb (https://bit.ly/3A5PRJb)

 

 Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of
this announcement via a Regulatory Information Service ("RIS"), this inside
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

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Sergey Borovskiy
 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  Common Shares
     Identification code                                          CA98936C8584
 b)  Nature of the transaction                                    Exercise of Warrants
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
     NOK 0.29                                                                                  314,552
 d)  Aggregated information
     Aggregated volume
     Aggregated price
 e)  Date of the transaction(s)                                    August 3, 2025
 f)  Place of the transaction                                     Off Market

 

 

 

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