2 Nov 2020 12:10
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.
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02 November 2020
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Curzon Energy Plc("Curzon" or the "Company")
Potential Transaction Extension Update
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Curzon Energy plc (LON:CZN) the London Stock Exchange listed oil and gas company, announces a further update regarding a potential transaction details of which were first announced on 18 March 2020, 1 July 2020 and more recently updated on 12 August 2020.
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The period of exclusivity granted to Sun Seven Stars Investment Group ("SSSIG") referred to in 12 August 2020 announcement has expired. However, the Company remains in discussions with SSSIG regarding a potential extension of the exclusivity period with a view to a transaction, the terms of which have yet to be agreed with SSSIG.
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While the parties continue to work constructively towards renewing exclusivity and a potential transaction, there can be no certainty around the length of time required to reach definitive agreement or the likelihood of concluding a successful transaction.
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The Company will continue to update the markets on progress as appropriate.
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For further information please contact: | |
Curzon Energy Plc | +44 (0) 20 7747 9980 |
Scott Kaintz | |
www.curzonenergy.com | |
SP Angel Corporate Finance LLP | +44 (0) 20 3470 0470 |
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