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Pin to quick picksZenith Energy Regulatory News (ZEN)

Share Price Information for Zenith Energy (ZEN)

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Delisting from TSX-V

28 May 2020 07:00

RNS Number : 1456O
Zenith Energy Ltd
28 May 2020
 

May 28, 2020

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this announcement via a regulatory information service ("RIS"), the inside information contained in this document is now considered to be in the public domain.

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Delisting from TSX-V

Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE:ZEN); (TSXV:ZEE); (OSE:ZENA-ME), the international oil & gas production company  focused on African development opportunities , is pleased to announce that the TSX Venture Exchange ("TSX-V") has confirmed that effective at the close of business Friday, May 29, 2020, the common shares of the Company will be delisted from the TSX-V at Zenith's request.

As announced on April 22, 2020, following the Company's dual listing on the Main Market for listed securities of the London Stock Exchange ("LSE") in January 2017 and the admission of its entire share capital to the Merkur Market of the Oslo Stock Exchange ("Merkur Market") in November 2018, the Company has seen its investor base move increasingly towards the UK and Norway, with limited investor support from the Canadian market

 

Given the aforementioned, and in light of the impact of the COVID-19 pandemic and low oil price environment, the Company has been reviewing its corporate structure to maximise cost control and, following this review, has elected to delist from the TSX-V. The benefits of delisting are expected to result in materially lower administrative costs, greater operational efficiency and management time savings. 

 

Termination of Corporate Broker Agreement

To achieve further corporate cost savings, Zenith announces that Novum Securities Limited has ceased to act as broker to the Company.

 

Further Information:

 

Zenith Energy Ltd. 

 

Andrea Cattaneo, Chief Executive Officer

Tel: +1 (587) 315 9031

 

E-mail: info@zenithenergy.ca

 

 

 

Notes to Editors:    

Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN), the TSX Venture Exchange (TSX.V:ZEE) and the Merkur Market of the Oslo Stock Exchange (ZENA:ME).

 

Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector, specifically in Africa. The Company's board of directors and senior management team have the experience and technical expertise to develop the Company successfully.

 

 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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MSCFZGZKZNFGGZZ
Date   Source Headline
5th Aug 20197:00 amRNSUpdate on Debt Financing
2nd Aug 20197:30 amRNSCompletion of Financing for Drilling Campaign
1st Aug 20197:00 amRNSFinancing of Drilling Campaign
31st Jul 20197:30 amRNSFiling of Quarterly Results and Operational Update
18th Jul 20197:00 amRNSCommencement of Well Deepening Operations
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4th Jul 20197:27 amRNSDirector/PDMR Shareholding
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2nd Jul 20197:00 amRNSFiling of Audited Annual Results and 2019 CPR
19th Jun 20197:00 amRNSResult of AGM
29th May 20194:30 pmRNSNotice of AGM & Director/PDMR Shareholding
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14th May 20197:00 amRNSDirector/PDMR Shareholding
7th May 20197:00 amRNSDirector/PDMR Shareholding
3rd May 20194:40 pmRNSSecond Price Monitoring Extn
3rd May 20194:35 pmRNSPrice Monitoring Extension
3rd May 20197:00 amRNSIssue of Equity
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12th Apr 20197:00 amRNSDirector/PDMR Shareholding
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5th Apr 20194:30 pmRNSHolding(s) in Company
2nd Apr 20197:45 amRNSIssue of Equity
27th Mar 20197:00 amRNSMobilisation of Drilling Rig to well C-37
25th Mar 20194:30 pmRNSIssue of Notes
11th Mar 20197:00 amRNSFavourable renegotiation of Convertible Loan
25th Feb 20191:45 pmRNSDirector/PDMR Shareholding
21st Feb 20197:00 amRNSHolding(s) in Company
18th Feb 20197:00 amRNSFiling of Quarterly Results and Operational Update
8th Feb 20197:00 amRNSFinancing and Operational Update
23rd Jan 20197:00 amRNSPurchase of Drilling Equipment
11th Jan 20197:00 amRNSSuccessful Listing of Corporate Notes
7th Jan 20197:00 amRNSFinancing and Operational Update
23rd Nov 20187:30 amRNSOperational Update
20th Nov 20188:46 amRNSDirector/PDMR Shareholding
15th Nov 20187:00 amRNSFiling of Quarterly Results
12th Nov 20187:30 amRNSCompletion of Private Placement on Merkur Market
7th Nov 20189:00 amRNSADMISSION TRADING IN MERKUR MARKET, COMPLETION PP
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31st Oct 20186:30 pmRNSTotal Voting Rights
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15th Oct 20187:00 amRNSCommencement of Operations in Well C-37
10th Oct 20187:00 amRNSZenith Receives "B+" with Positive Outlook Rating
2nd Oct 20187:00 amRNSIssue of CEO Salary Sacrifice Shares
27th Sep 20187:00 amRNSDirector/PDMR Shareholding
24th Sep 20187:00 amRNSDirector/PDMR Shareholding
5th Sep 20187:00 amRNSPurchase of Drilling Rig & Completion of Financing
15th Aug 20187:00 amRNSFiling of Quarterly Results
13th Aug 20187:02 amRNSAzerbaijan Operational Update
18th Jul 20187:00 amRNSDirector/PDMR Shareholding
16th Jul 20187:00 amRNSNew Operations Manager & Indonesia Update

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