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Zephyr Energy plc announced on 14 July 2025 that all resolutions passed at its general meeting, enabling the Second Placing and Director Subscription to proceed to completion by 8.00 a.m. on 15 July 2025. The company issued 21,000,000 Fee Warrants, exercisable at 3.0 pence for five years, to the Bookrunners and agents to the Placing, and will have 2,100,719,020 ordinary shares in issue following Admission.
| Date | 14 Jul 2025 |
| Time | 10:59:35 |
| Category | AGMs and other meetings |
| ID | 9493Q |
14 July 2025
Zephyr Energy plc
("Zephyr" or the "Company")
Result of General Meeting
Total Voting Rights
Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) announces that at the general meeting of the Company held earlier today, all resolutions were duly passed.
As a result of the resolutions being passed today, the Second Placing and the Director Subscription as announced on 25 June and 30 June 2025 respectively can now proceed to completion, which is expected to take place upon Admission becoming effective at 8.00 a.m. on 15 July 2025.
The Company has issued warrants to subscribe for 21,000,000 new Ordinary Shares ("Fee Warrants") to the Bookrunners and agents to the Placing. The Fee Warrants are exercisable at the Issue Price of 3.0 pence for a period of five years from the date of Admission. The Fee Warrants will not be admitted to trading on AIM or any other stock exchange.
Total voting rights
Immediately following Admission, the Company will have 2,100,719,020 ordinary shares of 0.1p each in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of ordinary shares in issue and voting rights will be 2,100,719,020 and this figure may be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Unless otherwise defined herein, definitions contained in this announcement have the same meaning as set out in the Company's announcement of 24 June 2025.
Contacts:
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Zephyr Energy plc Colin Harrington (CEO) Chris Eadie (Group Finance Director and Company Secretary)
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Tel: +44 (0)20 7225 4590 |
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Allenby Capital Limited - AIM Nominated Adviser Jeremy Porter / Vivek Bhardwaj
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Tel: +44 (0)20 3328 5656
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Turner Pope Investments - Joint Broker James Pope / Andy Thacker
Canaccord Genuity Limited - Joint Broker Henry Fitzgerald-O'Connor / Charlie Hammond
Celicourt Communications - PR Mark Antelme / Ali AlQahtani |
Tel: +44 (0)20 3657 0050
Tel: +44 (0)20 7523 8000
Tel: +44 (0) 20 7770 6424 |
Notes to Editors
Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) is a technology-led oil and gas company focused on responsible resource development in the Rocky Mountain region of the United States. The Company's mission is rooted in two core values: to be responsible stewards of its investors' capital, and to be responsible stewards of the environment in which it works.
Zephyr's flagship asset is an operated 46,000-acre leaseholding located in the Paradox Basin, Utah. In addition to its operated assets, the Company owns working interests in a broad portfolio of non-operated producing wells across the Williston Basin in North Dakota and Montana. Cash flow from the Williston production will be used to fund the planned Paradox Basin development. In addition, the Board will consider further opportunistic value-accretive acquisitions.
This announcement is made in accordance with the Company's obligations under Article 17 of UK MAR and the person responsible for arranging for the release of this Announcement on behalf of Zephyr is Colin Harrington, Chief Executive Officer.