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Zenith Energy Ltd. is implementing a share consolidation, approved by shareholders on April 14, 2023, at a ratio of one new common share for every ten existing common shares. This action will result in 191,994,934 new common shares being in issue, down from 1,919,949,343 old common shares. Dealings in the new common shares on the London Stock Exchange are scheduled to commence at 8:00 a.m. on September 27, 2023.
| Date | 25 Sept 2023 |
| Time | 18:30:01 |
| Category | Capital structure |
| ID | 5898N |
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 |
Tel: +1 (587) 315 1279 |
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