18 Nov 2020 12:00
FOR IMMEDIATE RELEASE
18 November 2020
Exillon Energy plc
NOTICE OF INTENTION TO REQUEST CANCELLATION OF THE LISTING OF ITS ORDINARY SHARES ON THE LONDON STOCK EXCHANGE
The Board of Exillon Energy plc (the "Company") announces that in accordance with the vote of shareholders at an Extraordinary General Meeting of shareholders of the Company held on Tuesday 18 November 2020 at 11:00 a.m, and pursuant to Listing Rule 5.2.5, the Company hereby gives notice of its intention to request the UK Financial Conduct Authority (the "FCA") to cancel the standard listing of the Company's ordinary shares (the "Shares") on the premium segment of the Official List of the FCA and to request the London Stock Exchange to cancel the admission to trading of the Shares on the main market for listed securities of the London Stock Exchange (together, the "Cancellation").
Pursuant to Listing Rule 5.2.5, the Company is required to give at least 20 business days' notice of the intended Cancellation from the date of the resolution passed to approve it. Therefore, it is intended that the Cancellation will become effective from 7.00 a.m. on 18 December 2020, such that the last day of trading of the Shares on the main market of the London Stock Exchange would be 17 December 2020.
Following the Cancellation, it is intended that the Shares will continue to be freely traded via a Matched Bargain Facility provided by J P Jenkins Ltd and arranged by the Company, initially for one year after the Cancellation, after which, depending on the frequency and volumes of trading of the Shares through the Matched Bargain Facility, the engagement may be extended by the Company and J P Jenkins Ltd.
Details in respect of the Matched Bargain Facility will be available to Shareholders on the Company's website at www.exillonenergy.com.
Tom Blackwell, EM
Telephone: +7 919 102 9064
Email: blackwell@em-comms.com