25 Sep 2023 18:30
September 25, 2023
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Implementation of Share Consolidation
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, announces the following information in respect of the share consolidation that was approved by shareholders at the Company's annual general meeting held on April 14, 2023 (the "Consolidation").
Under the Consolidation, one new common share of no par value ("New Common Shares") will be issued for every ten existing common shares of no par value ("Old Common Shares").
Applications will be made for the New Common Shares to be admitted to the standard segment of the FCA Official List and to trading on the Main Market for listed securities of the London Stock Exchange.
Consolidation Timetable
Latest time and date for dealings in Old Common Shares | 4.30 p.m. on 26 September 2023 |
Record Date | 6.00 p.m. on 26 September 2023 |
Admission effective and commencement of dealings in the New Common Shares
| 8.00 a.m. on 27 September 2023
|
CREST accounts credited with the New Common Shares in uncertificated form | 27 September 2023 |
Despatch of definitive certificates for New Common Shares (in certificated form)
| 3 October 2023 |
Consolidation Statistics
Common Shares admitted to the standard segment of the FCA Official List and to trading on the LSE Main Market
| 1,919,949,343 |
Consolidation ratio of Old Common Shares to New Common Shares
| 10:1 |
Total number of New Common Shares in issue following the Consolidation
| 191,994,934 |
ISIN code for the New Common Shares | CA98936C8584 |
SEDOL for the New Common Shares
| BMCMN86 |
CFI for the New Common Shares | ESVUFR |
FISN for the New Common Shares
| ZENITH ENERGY L/SH |
TIDM for the New Common Shares | ZEN |
Further Information:
Zenith Energy Ltd Andrea Cattaneo, Chief Executive Officer |
Tel: +1 (587) 315 1279 E: info@zenithenergy.ca |
Notes to Editors:
Zenith Energy Ltd. is a revenue generating, independent energy company with production, exploration and development assets in North Africa and Europe, including electricity generation in Italy. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange(OSE: ZENA).
Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.
For more information, please visit: www.zenithenergy.ca
Twitter: @zenithenergyltd
LinkedIn: https://bit.ly/3A5PRJb
Zenith Energy (ZEN)