December 27, 2017
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")
Update on Director's Holding in the Company
Zenith Energy Ltd., ("Zenith" or the "Company"),(LSE: ZEN; TSX.V: ZEE), the dual listed international oil & gas production company, announces, further to the announcement of November 23, 2017, that the 2,000,000 common shares of no par value, ("New Common Shares"), that were issued to Mr. Andrea Cattaneo, following the exercise of stock options under the Company's Stock Options Plan, (the "Plan"), are now expected to be admitted to the Standard Segment of the UK Official List and to trading on the Main Market of the London Stock Exchange on December 29, 2017 due to an administrative error. The New Common Shares are already listed on the TSX Venture Exchange.
Mr. Cattaneo is directly beneficially interested in a total of 3,670,116 common shares, representing 2.55 per cent of the Company's issued common share capital. As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 Common Shares, representing 0.87 per cent of the Company's issued common share capital.
Following admission to trading of the New Common Shares on the London Stock Exchange Main Market, the Company will have 144,200,119 common shares in issue and admitted to trading on the Main Market of the London Stock Exchange and the Toronto Stock Exchange Venture Exchange. The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Zenith Energy Ltd.
Andrea Cattaneo
Chief Executive Officer
Email: [email protected]
Telephone: +1 (587) 315 9031
Telefax: +1 (403) 775 4474
Optiva Securities - (Joint Broker)
Christian Dennis
Telephone: + 44 (0) 203 137 1903
Beaufort Securities Limited - (Joint Broker)
Jon Belliss
Telephone: +44 207 382 8300
Allenby Capital Limited - (Financial Adviser)
Nick Harriss
Nick Athanas
Telephone: + 44 (0) 203 328 5656
Yellow Jersey (Financial PR/IR)
Tim Thompson
Telephone: +44 (0) 203 735 8825
