RNS Number : 9394E
Curzon Energy PLC
20 September 2024
 

20 September 2024

 

Curzon Energy Plc

("Curzon" or the "Company")

Board Update, PDMR Dealing & TR-1

Curzon Energy Plc (LSE: CZN) announces that further to the announcement of 19 August 2024, the Company confirms that Mr. Paul Forrest and Mr. Richard Glass have joined the board with immediate effect.

 

Simultaneously, the Company confirms that Mr. John McGoldrick has resigned as Non-Executive Chairman, and Mr. Scott Kaintz has resigned as an Executive Director.  Mr. Scott Kaintz has subsequently been appointed as a Non-Executive Director. 

 

Richard Glass, Non-Executive Chairman comments: "We extend our gratitude to John for his perseverance in navigating Curzon Energy through a challenging phase and setting a strong foundation for future growth. The recent board changes represent early steps in shaping the Company's next chapter, and we look forward to sharing more updates on our strategic direction and growth plans in due course."

 

The Board of the Company will therefore consist of:

 

Executive Director:

Mr. Paul Forrest - Executive Director

 

Non-Executive Directors:

Mr. Richard Glass - Non-Executive Chairman

Mr. Scott Kaintz - Non-Executive Director

 

Paul Forrest, Executive Director, age 54

Current Directorships

Non-current directorships (past 5 years)

Forum Energy Services Limited (FES)

Conceptual Build Limited

Saltfleetby Energy Limited

Forrest Accounting Limited

Saltfleetby Energy Europe Limited

Viridis Holdings UK Limited

Angus Energy Plc

The Orwell Group Limited

Anglo African Oil & Gas Plc

 

Richard Glass, Non-Executive Director, age 47

Current Directorships

Non-current directorships (past 5 years)

AtDeuce Fund (Pty) Ltd

AtCommerce Investments (Pty) Ltd

Atlantis Fund (Pty) Ltd

Protea Village Development Company (Pty) Ltd

Atlantis Fund Investments One (Pty) Ltd

AtNeat Investments (Pty) Ltd

Atlantis Partners (Pty) Ltd

Broadiss (Pty) Ltd

Atlas Park Holdings (Pty) Ltd

Frequentsee NPC

Bethel Partners (Pty) Ltd


Fynbosland 301 CC


Glasshouse Investment Holdings (Pty) Ltd


Glasshouse Developments (Pty) Ltd


Richmond Park Development Company (Pty) Ltd


Richmond Park Investment (Pty) Ltd


Skypark Capital (Pty) Ltd


 

Current Director shareholdings are as follows:

Directors

Ordinary Shares

Total Shares

% of Issued Share Capital

Warrants

Options


Direct

Indirect





Paul Forrest

166,666,700           

Nil

166,666,700

13.52%

Nil

Nil

Richard Glass

Nil

Nil

Nil

0.00%

Nil

Nil

Scott Kaintz

Nil

949,367

949,367

0.08%

Nil

Nil

 

For further information please contact:

Curzon Energy Plc


development@curzonenergy.com

www.curzonenergy.com



+44 (0)20 75690930

 





TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

CURZON ENERGY PLC

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer


2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

x

An acquisition or disposal of financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify)iii:

 

3. Details of person subject to the notification obligationiv

Name

Paul Forrest

City and country of registered office (if applicable)

Isleworth, UK

4. Full name of shareholder(s) (if different from 3.)v

Name

 

City and country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reachedvi:

18/09/2024

6. Date on which issuer notified (DD/MM/YYYY):

18/09/2024

7. Total positions of person(s) subject to the notification obligation

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

13.52%

 

13.52%

 

166,666,700

Position of previous notification (if

applicable)

 

 

 

 







 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00BD97ND60

166,666,700

 

13.52%

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. A

166,666,700

13.52%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
datex

Exercise/
Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. B 1

 

 

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
datex

Exercise/
Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8.B.2

 

 

 

 

 










 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

X

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

 

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Paul Forrest

13.52%

 

13.52%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. In case of proxy voting, please identify:

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

 

11. Additional informationxvi

 





 

Place of completion

UNITED KINGDOM

Date of completion

19/09/2024

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Paul Forrest

2

 

Reason for the notification

 

For persons discharging managerial responsibilities:

- The position occupied within the issuer or emission allowance market participant should be indicated e.g.

CEO, CFO.

 

For persons closely associated with:

- An indication that the notification concerns a person closely associated with a person discharging

managerial responsibilities;

- Name and position of the relevant person discharging managerial responsibilities

 

a)

 

Position/status

 

 

Executive Director

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor

 

a)

 

Name

 

 

Curzon Energy Plc

b)

 

LEI

 

 

GB00BD97ND60

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of 0.01 pence each in Curzon Energy Plc

 

 

Identification code

GB00BD97ND60

 

 

b)

 

Nature of the transaction

 

 

Purchase of shares via placing

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

£0.0003

166,666,700

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

166,666,700

 

 

- Price

£0.0003

 

 

e)

 

Date of the transaction

 

 

2024-09-18

f)

 

Place of the transaction

 

 

UNITED KINGDOM

 

 


1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Scott Kaintz

2

 

Reason for the notification

 

For persons discharging managerial responsibilities:

- The position occupied within the issuer or emission allowance market participant should be indicated e.g.

CEO, CFO.

 

For persons closely associated with:

- An indication that the notification concerns a person closely associated with a person discharging

managerial responsibilities;

- Name and position of the relevant person discharging managerial responsibilities

 

 

a)

 

Position/status

 

 

Director

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor

 

a)

 

Name

 

 

Curzon Energy Plc

b)

 

LEI

 

 

GB00BD97ND60

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of 0.01 pence each in Curzon Energy Plc

 

 

Identification code

GB00BD97ND60

 

 

b)

 

Nature of the transaction

 

 

Purchase of shares via placing

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

£0.0003

966,667,200

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

966,667,200

 

 

- Price

£0.0003

 

 

e)

 

Date of the transaction

 

 

2024-09-18

f)

 

Place of the transaction

 

 

UNITED KINGDOM

 

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