REG - Zenith Energy Ltd - Share Consolidation

Zenith EnergyAnnouncement

20/09/2023 16:00

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RNS Number : 1115N  Zenith Energy Ltd  20 September 2023

September 20, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Share Consolidation

 

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy
production and development company, announces that it is implementing 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 22 September 2023
 Record Date                                                                  6.00 p.m. on 22 September 2023
 Admission effective and commencement of dealings in the New Common Shares    8.00 a.m. on 25 September 2023

 CREST accounts credited with the New Common Shares in uncertificated form    25 September 2023
 Despatch of definitive certificates for New Common Shares (in certificated   2 October 2023
 form)

 

 

Consolidation Statistics

 

 Old Common Shares in issue                                              2,310,302,537

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

 Total number of New Common Shares in issue following the Consolidation  231,030,237

 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)
 BlytheRay - Financial PR/IR                   Tel: +44 207 138 3204

 Tim Blythe, Megan Ray, Matt Bowld             E:  zenith@blytheray.com (mailto:zenith@blytheray.com)

 Allenby Capital Limited - Financial Adviser   Tel: + 44 (0) 203 328 5656

 Nick Harriss

 Daniel Dearden-Williams
 Miriad Limited - Media Enquiries              Tel: +44 7867527659

 Zak Mir                                       E: zak@zakmir.com (mailto:zak@zakmir.com)

 

 

Notes to
Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with
production, exploration and development assets in Africa, the Middle East 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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