Share Consolidation & TVR

28 May 2021

Challenger Energy Group PLC

("Challenger Energy" or the "Company")

Share Consolidation & TVR

Challenger Energy (AIM:CEG), the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and exploration assets across the region, announces that following shareholder approval at the Company's EGM on 17 May 2021, the Share Consolidation of 1 New Ordinary Share of 0.02 pence each for 10 Existing Ordinary Shares of 0.002 pence each, held at the Record Date, has become effective as of 8.00 a.m. today.

The ISIN for the New Ordinary Shares is IM00BN2RD444 and the SEDOL is BN2RD44.

Total Voting Rights 

Following completion of the Share Consolidation, the Company's issued share capital consists of 789,252,392 New Ordinary Shares, with each Ordinary Share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. This figure of 789,252,392 New Ordinary Shares may therefore 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 a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

For further information, please contact:

Notes to Editors

Challenger Energy is a Caribbean and Atlantic margin focused oil and gas company, with a range of exploration, appraisal, development and production assets and licences, located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay. In Trinidad and Tobago, Challenger Energy has five (5) producing fields, two (2) appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. In Suriname, Challenger Energy has on onshore appraisal / development project. Challenger Energy's exploration licence in each of Uruguay and The Bahamas are highly prospective, and offer high-impact value exposure within the overall portfolio value.

Challenger Energy is quoted on the AIM market of the London Stock Exchange. 

https://www.cegplc.com 

ENDS