Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

11 November 2020

Curzon Energy Plc
("Curzon" or the "Company")

Temporary Suspension of Trading

Curzon Energy plc (LON:CZN) the London Stock Exchange listed oil and gas company, announces it has requested a temporary suspension of listing in its ordinary shares with effect from 07:30 a.m. today, 11 November 2020. 

Details of a potential transaction with Sun Seven Stars Investment Group ("SSSIG") were first announced on 18 March 2020, and updates provided on 1 July 2020, 12 August 2020 and on 2 November 2020.  Although the period of exclusivity originally granted to SSSIG has expired, the Company remains in discussions with SSSIG regarding a potential extension of the exclusivity period with a view to a potential transaction, and we await requested due diligence materials in order to be able to agree terms with SSSIG.

While the parties continue to work constructively towards a potential transaction, there can be no certainty around the length of time required to reach definitive agreement or the likelihood of concluding a potential transaction, that would remain subject to due diligence, agreement on terms, and completion of the acquisition and re-listing of the enlarged group on the Official List.

A potential transaction, if completed, would constitute a reverse takeover under the Listing Rules.  As the Company is currently unable to provide full disclosure on the potential transaction, it has requested a temporary suspension of listing in its ordinary shares, pending further progress on agreeing terms on a potential transaction.

The Company will continue to update the market on progress as appropriate.