Infinity Energy
S.A.
("Infinity" or the "Company")
Market Update
As previously announced, the Company has commenced the process
of applying for a Standard Listing of the Company’s ordinary shares
on the Main Market of the London Stock Exchange (“Listing”).
Admission to the Official List and trading on the Standard
Segment of the London Stock Exchange requires a number of
regulatory approvals and approval of the UK Listing Authority. The
Company is pleased to announce that the initial application to the
UKLA by Infinity has been approved and the Company has passed the
UKLA’s Eligibility Committee.
The intention of the Board remains, to complete a transaction as
part of a simultaneous listing. To that end, and as previously
announced, the Company is in advanced discussions to acquire a
stake in Transgas Limited by means of a share for share
transaction. Transgas is owned by Gerwyn
Williams, a Director and Shareholder of Infinity Energy SA,
and family.
The Company now has to fulfil a number of obligations to the
UKLA as part of the normal listing procedure, these include the
production of a Prospectus and a Competent Person’s Report on
assets that the Company will acquire as part of the listing.
Shareholders should be aware that whilst this initial approval by
the UKLA is an important step towards Listing, there can be no
certainty that the Company will be able to successfully list on the
Standard Segment of the London Stock Exchange without fulfilling
the necessary obligations.
The Company is currently appointing the necessary advisors to
complete the process and will issue further updates as matters
progress.
Further announcements will be made in due course.
The directors of the Company accept responsibility for the
contents of this announcement.
For further information, please contact:
Infinity Energy S.A.
Gerwyn Williams Tel:
+44 7889 677 397
Financial Advisers & Joint-Broker Tel: +44 20 7469
0930
Peterhouse Corporate Finance Limited
Eran Zucker / Lucy Williams
Cairn Financial Advisers LLP
Sandy Jamieson / James Caithie
Tel: +44 207 213 0880
Joint-Broker
WH Ireland Limited
Katy Mitchell Tel: +44
0113 394 6618