Zenith Energy Ltd Sale of Common Shares held in Treasury (1595L)
January 11 2021 - 2:00AM
UK Regulatory
TIDMZEN
RNS Number : 1595L
Zenith Energy Ltd
11 January 2021
January 11, 2021
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")
Sale of Common Shares held in Treasury
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA-ME), the listed international oil & gas production company
focused on pursuing African development opportunities, is pleased
to announce that, as a result of market demand, it has sold
25,395,828 common shares of no par value (the "Common Shares") in
the capital of the Company, which it held in treasury, at a price
of NOK 0.148 (approximately GBP0.013), the last closing price of
the Company's equity listing on the Euronext Growth of the Oslo
Stock Exchange, for a total consideration of 3,758,582 NOK
(approximately equivalent to GBP328,000).
Total Voting Rights
The Company wishes to announce, in accordance with the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules, the
following revised information.
Class of share Total number Number of Total number of
of shares voting rights voting rights
per share per class of share
Common Shares in
issue and admitted
to trading on the
Main Market of the
London Stock Exchange 313,400,824 1 313,400,824
--------------- ---------------- ---------------------
Common Shares in
issue and admitted
to trading on the
Euronext Growth Market
of the Oslo Børs
- representing the
total outstanding
common share capital
of the Company 1,070,644,350 1 1,070,644,350
--------------- ---------------- ---------------------
No common shares are held in treasury. The above figure for
total number of Common Shares 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 a
change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer Tel: +1 (587) 315 9031
-----------------------------
E-mail: info@zenithenergy.ca
-----------------------------
Allenby Capital Limited - Financial
Adviser & Broker
-----------------------------
Nick Harriss Tel: + 44 (0) 203 328
Nick Athanas 5656
-----------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production
company, listed on the London Stock Exchange (LSE:ZEN) and the
Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly seize
value-accretive hydrocarbon production opportunities in the onshore
oil & gas sector, specifically in Africa. The Company's board
of directors and senior management team have the experience and
technical expertise to develop the Company successfully.
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END
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