Curzon Energy Regulatory News (CZN)

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.

6 May 2020

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

Results of GM

Curzon Energy plc (LON:CZN) the London Stock Exchange listed company, announces that at the General Meeting held earlier today, all resolutions were passed unanimously on a show of hands.

Share Capital Reorganisation of Existing Ordinary Shares to Reduce Par Value

At the General Meeting of the Company held today, the Company sought shareholder approval for the subdivision and re-designation of the 83,032,971 Existing Ordinary Shares ("Existing Ordinary Shares") of £0.01 each in the capital of the Company into (i) 83,032,971 New Ordinary Shares ("New Ordinary Shares") of £0.0001 each and (ii) 83,032,971 Deferred Shares ("Deferred Shares") of £0.0099 each in the capital of the Company, and to amend the Company's Articles of Association accordingly.

The proposed share capital reorganisation was passed at the General Meeting and amendments will be made to the Company's Articles of Association in respect of the Deferred Shares and the subdivision and re-designation of the Existing Ordinary Shares.

Each New Ordinary Share will carry the same rights in all respects under the amended Articles of Association as each Existing Ordinary Share does at present under the existing Articles of Association, including the rights in respect of voting and the entitlement to receive dividends.

Each Deferred Share will have very limited rights and will effectively be valueless. CREST accounts of Shareholders will not be credited in respect of any entitlement to Deferred Shares and the Company will not issue any share certificates in respect of Deferred Shares. The Deferred Shares shall have the rights and restrictions as set out in the amended Articles of Association and shall not entitle the holder thereof to receive notice of or attend and vote at any General Meeting of the Company or to receive a dividend or other distribution.

A copy of the Shareholder Circular, detailing the Share Capital Reorganisation, is available at the Company's website: http://www.curzonenergy.com 

Admission to London Stock Exchange and Total Voting Rights (TVR)

The Notice of General Meeting indicated that if there will be any changes to the expected timetable of principal events, it will be made public via an announcement. Therefore, the Company has now been advised that the admission date for the New Ordinary Shares to the London Stock Exchange will now be 11 May 2020 at 8.00 am.

Following the General Meeting and admission of 83,032,971 New Ordinary Shares, the issued share capital of the Company will consist of 83,032,971 ordinary shares of £0.0001 each with voting rights.

The above figure of 83,032,971 may be used by shareholders 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 Disclosure and Transparency Rules.