Energean PLC RE-ADMISSION OF SHARES (1854J)
December 18 2020 - 7:15AM
UK Regulatory
TIDMENOG
RNS Number : 1854J
Energean PLC
18 December 2020
Energean plc
("Energean" or the "Company")
RE-ADMISSION OF SHARES
London, 18 December 2020 - Energean plc (LSE: ENOG, TASE: )
announces that, further to the announcement on 17 December 2020
regarding the completion of the acquisition of Edison Exploration
& Production S.p.A., its entire issued share capital of
177,089,406 ordinary shares has today been re-admitted to the
premium listing segment of the Official List of the Financial
Conduct Authority and to trading on the main market for listed
securities of the London Stock Exchange plc.
Energean maintains its Secondary Listing on the Tel Aviv Stock
Exchange and its shares remain fully transferrable and fungible
between the two markets.
Enquiries
Energean
Investors and analysts
Kate Sloan, Head of IR & ECM Tel: +447917 608645
Media
Sotiris Chiotakis, Corporate communications and Tel: +30 6932663877
media relations
Morgan Stanley (Sole Sponsor, Financial Adviser and Joint Corporate
Broker) Tel: +4420 7425 8000
Andrew Foster
Michael O'Dwyer
Mutlu Guner
About Energean plc
Established in 2007, Energean is a London Premium Listed FTSE
250 and Tel Aviv 35 Listed E&P company with operations in nine
countries across the Mediterranean and UK North Sea. Since IPO,
Energean has grown to become the leading independent, gas-focused
E&P company in the Eastern Mediterranean, with a strong
production and development growth profile. The Company explores and
invests in new ideas, concepts and solutions to produce and develop
energy efficiently, at low cost and with a low carbon
footprint.
Energean's production comes mainly from the Abu Qir field in
Egypt, and fields in Southern Europe and the UK. The company's
flagship project is the 3.5 Tcf Karish, Karish North and Tanin
development offshore Israel, where it intends to use the only FPSO
in the Eastern Mediterranean to produce first gas, commencing
4Q-2021. Energean has signed firm contracts for 7.4 Bcm/yr of gas
sales into the Israeli domestic market, which have floor pricing,
take-or-pay and/or exclusivity provisions that largely insulate the
project's revenues against global commodity price fluctuations and
underpin Energean's goal of paying a meaningful and sustainable
dividend.
With a strong track record of growing reserves and resources,
Energean is focused on maximising production from our large-scale
gas-focused portfolio to deliver material free cash flow and
maximise total shareholder return in a sustainable way. ESG and
health and safety are paramount to Energean; it aims to run safe
and reliable operations, whilst targeting carbon neutrality across
its operations by 2050. These aspirations have been significantly
advanced with the completion of the Edison E&P acquisition in
December 2020.
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END
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