REG - Zenith Energy Ltd - Implementation of Share Consolidation

Zenith EnergyAnnouncement

25/09/2023 18:30

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RNS Number : 5898N  Zenith Energy Ltd  25 September 2023

September 25, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Implementation of Share Consolidation

 

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy
production and development company, announces the following information in
respect of the share consolidation that was approved by shareholders at the
Company's annual general meeting held on April 14, 2023 (the
"Consolidation").

 

Under the Consolidation, one new common share of no par value ("New Common
Shares") will be issued for every ten existing common shares of no par value
("Old Common Shares").

 

Applications will be made for the New Common Shares to be admitted to the
standard segment of the FCA Official List and to trading on the Main Market
for listed securities of the London Stock Exchange.

 

Consolidation Timetable

 

 Latest time and date for dealings in Old Common Shares                       4.30 p.m. on 26 September 2023
 Record Date                                                                  6.00 p.m. on 26 September 2023
 Admission effective and commencement of dealings in the New Common Shares    8.00 a.m. on 27 September 2023

 CREST accounts credited with the New Common Shares in uncertificated form    27 September 2023
 Despatch of definitive certificates for New Common Shares (in certificated   3 October 2023
 form)

 

Consolidation Statistics

 

 Common Shares admitted to the standard segment of the FCA Official List and to  1,919,949,343
 trading on the LSE Main Market

 Consolidation ratio of Old Common Shares to New Common Shares                   10:1

 Total number of New Common Shares in issue following the Consolidation          191,994,934

 ISIN code for the New Common Shares                                             CA98936C8584
 SEDOL for the New Common Shares                                                 BMCMN86

 CFI for the New Common Shares                                                   ESVUFR
 FISN for the New Common Shares                                                  ZENITH ENERGY L/SH

 TIDM for the New Common Shares                                                  ZEN

 

 

 

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
production, exploration and development assets in North Africa and Europe,
including electricity generation in Italy. The Company is listed on the London
Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo
Stock Exchange(OSE: ZENA).

 

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)

 

 

 

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