Last checked at 30 Jan 2024 10:00
EnQuest PLC, 30 January 2024
EnQuest PLC applies to terminate reporting issuer status in Canada
As part of EnQuest PLC's ("EnQuest" or the "Company") work to streamline its reporting processes, the Company announces that it has applied for an order from Canadian securities regulators that the Company cease to be a reporting issuer in all Canadian jurisdictions in which it currently has such status.
EnQuest became a reporting issuer under the securities legislation of certain Canadian jurisdictions upon the completion in November 2010 of its acquisition of Stratic Energy Corporation ("Stratic") That acquisition was a share exchange transaction, pursuant to which the Company acquired the entire issued share capital of Stratic for consideration consisting of EnQuest Ordinary shares. Stratic was a publicly-traded oil and gas company listed on the TSX Venture Exchange in Canada and the Alternative Investment Market of the London Stock Exchange ("LSE").
If the requested order is granted, the Company will no longer be a reporting issuer in any jurisdiction of Canada, and will have no continuing obligations to file financial statements and other disclosure materials in Canada pursuant to Canadian securities laws through the SEDAR+ filing system (www.sedarplus.com). EnQuest has historically met most of its Canadian reporting obligations by filing in Canada, in reliance on certain accommodations available to it under Canadian regulations, the same disclosure documents it issues under the securities laws of the United Kingdom and applicable LSE requirements.
EnQuest Ordinary shares remain listed on the LSE, and the Company continues to be subject to reporting obligations under United Kingdom securities laws and LSE rules. Canadian resident securityholders will continue to have access to the financial statements and other disclosure documents publicly filed by EnQuest pursuant such reporting obligations.
For further information please contact:
EnQuest PLC | Tel: +44 (0)20 7925 4900 |
Chris Sawyer (Company Secretary) |
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Craig Baxter (Head of Investor Relations) |
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Notes to editors
EnQuest is providing creative solutions through the energy transition. As an independent energy company with operations in the UK North Sea and Malaysia, the Group's strategic vision is to be the partner of choice for the responsible management of existing energy assets, applying its core capabilities to create value through the transition.
EnQuest PLC trades on the London Stock Exchange.
Please visit our website www.enquest.com for more information on our global operations.