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 form) 

 

2 October 2023

 

 

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

BlytheRay - Financial PR/IR

Tim Blythe, Megan Ray, Matt Bowld

 

Tel: +44 207 138 3204

E:  zenith@blytheray.com

 

Allenby Capital Limited - Financial Adviser

 Nick Harriss

 

Daniel Dearden-Williams

Tel: + 44 (0) 203 328 5656

Miriad Limited - Media Enquiries

Zak Mir

Tel: +44 7867527659

E: 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

Twitter: @zenithenergyltd

LinkedIn:  https://bit.ly/3A5PRJb

 

 

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