REG - Zephyr Energy PLC - Result of General Meeting

Zephyr EnergyAnnouncement

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RNS Number : 9493Q  Zephyr Energy PLC  14 July 2025

14 July 2025

 

Zephyr Energy plc

("Zephyr" or the "Company")

 

Result of General Meeting

Total Voting Rights

 

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) announces that at the general
meeting of the Company held earlier today, all resolutions were duly passed.

 

As a result of the resolutions being passed today, the Second Placing and the
Director Subscription as announced on 25 June and 30 June 2025 respectively
can now proceed to completion, which is expected to take place upon Admission
becoming effective at 8.00 a.m. on 15 July 2025.

 

The Company has issued warrants to subscribe for 21,000,000 new Ordinary
Shares ("Fee Warrants") to the Bookrunners and agents to the Placing. The Fee
Warrants are exercisable at the Issue Price of 3.0 pence for a period of five
years from the date of Admission. The Fee Warrants will not be admitted to
trading on AIM or any other stock exchange.

 

Total voting rights

 

Immediately following Admission, the Company will have 2,100,719,020 ordinary
shares of 0.1p each in issue, each with one voting right.  There are no
shares held in treasury. Therefore, the Company's total number of ordinary
shares in issue and voting rights will be 2,100,719,020 and this figure may
be used by shareholders from Admission as the denominator for the calculations
by which they will determine if they are required to notify their interest in,
or a change to their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

Unless otherwise defined herein, definitions contained in this announcement
have the same meaning as set out in the Company's announcement of 24 June
2025.

 

Contacts:

 

 Zephyr Energy plc                                              Tel: +44 (0)20 7225 4590

 Colin Harrington (CEO)

 Chris Eadie (Group Finance Director and Company Secretary)

 Allenby Capital Limited - AIM Nominated Adviser                Tel: +44 (0)20 3328 5656

 Jeremy Porter / Vivek Bhardwaj

 Turner Pope Investments - Joint Broker                         Tel: +44 (0)20 3657 0050

 James Pope / Andy Thacker

 Canaccord Genuity Limited - Joint Broker                      Tel: +44 (0)20 7523 8000

 Henry Fitzgerald-O'Connor / Charlie Hammond

 Celicourt Communications - PR

 Mark Antelme / Ali AlQahtani                                  Tel: +44 (0) 20 7770 6424

 

 

Notes to Editors

 

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) is a technology-led oil and
gas company focused on responsible resource development in the Rocky
Mountain region of the United States.  The Company's mission is rooted in
two core values: to be responsible stewards of its investors' capital, and to
be responsible stewards of the environment in which it works.

 

Zephyr's flagship asset is an operated 46,000-acre leaseholding located in
the Paradox Basin, Utah. In addition to its operated assets, the Company
owns working interests in a broad portfolio of non-operated producing wells
across the Williston Basin in North Dakota and Montana. Cash flow from
the Williston production will be used to fund the planned Paradox
Basin development. In addition, the Board will consider further opportunistic
value-accretive acquisitions.

 

This announcement is made in accordance with the Company's obligations under
Article 17 of UK MAR and the person responsible for arranging for the release
of this Announcement on behalf of Zephyr is Colin Harrington, Chief Executive
Officer.

 

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