TIDMZEN

RNS Number : 3621W

Zenith Energy Ltd

08 February 2017

ZENITH ENERGY LTD

("Zenith" or the "Company")

Calgary, Alberta, February 8, 2017, Zenith Energy Ltd. ("Zenith" or "the Company") (LSE: ZEN; TSX.V: ZEE) announces that the Company has received the following TR-1 Notification set out below without amendment.

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                        ZENITH ENERGY LTD. 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
------------------------------------------------------------------  -------------------------------------------------- 
 2. Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                                     x 
-----------------------------------------------------------------------------------------------------------  --------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
-----------------------------------------------------------------------------------------------------------  --------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
-----------------------------------------------------------------------------------------------------------  --------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------------------------------------------------  --------- 
 Other (please 
  specify): 
-----------------  ----------------------------------------------------------------------------------------  --------- 
 3. Full name of person(s)                                                                 EPSILON INVESTMENTS PTE LTD 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------  ----------------------------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
---------------------------------------------------  ----------------------------------------------------------------- 
 5. Date of the transaction                                                                            2 FEBRUARY 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------  ----------------------------------------------------------------- 
 6. Date on which issuer                                                                               8 FEBRUARY 2017 
  notified: 
---------------------------------------------------  ----------------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                                       3 / 4 / 5 % 
---------------------------------------------------  ----------------------------------------------------------------- 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                  Resulting situation after the 
  of             to the triggering                   triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ----------------------------------  ------------------------------------------------------------------- 
                Number             Number           Number           Number of                  % of voting 
                 of                 of               of shares        voting                     rights (x) 
                 Shares             Voting                            rights 
                                    Rights 
-------------  -----------------  ---------------  ---------------  -------------------------  ----------------------- 
                                                    Direct           Direct        Indirect     Direct      Indirect 
                                                                      (xi)          (xii) 
-------------        -----------    -----------    ---------------  ------------  -----------  ----------  ----------- 
 CA98936C1068   6,192,105          6,192,105        6,192,105        6,192,105                  5.57% 
               -----------------  ---------------  ---------------  ------------  -----------  ----------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Expiration     Exercise/                       Number of voting             % of voting 
  instrument           date           Conversion                      rights that                  rights 
                       (xiii)         Period (xiv)                    may be 
                                                                      acquired if 
                                                                      the 
                                                                      instrument 
                                                                      is 
                                                                      exercised/ 
                                                                      converted. 
-------------------  -------------  ------------------------------  ---------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise         Expiration     Exercise/          Number of voting             % of voting 
 financial         price           date           Conversion          rights instrument            rights (xix, 
 instrument                        (xvii)         period              refers to                    xx) 
                                                  (xviii) 
---------------  ---------------  -------------  -----------------  ---------------------------  --------------------- 
                                                                                                  Nominal     Delta 
---------------  ---------------  -------------  -----------------  ---------------------------  ----------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                Percentage of voting rights 
-----------------------------------------------------  --------------------------------------------------------------- 
 6,192,105                                              5.57% 
-----------------------------------------------------  --------------------------------------------------------------- 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
--------------------------------------------------------------------  ------------------------------------------------ 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
--------------------------------------------------------------------  ------------------------------------------------ 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
--------------------------------------------------------------------  ------------------------------------------------ 
 
 
  13. Additional information: 
-----------------------------------------------------  --------------------------------------------------------------- 
 14. Contact name:                                                                                    SUJATHA PANICKER 
-----------------------------------------------------  --------------------------------------------------------------- 
 15. Contact telephone number:                                                                            + 67 34 6350 
-----------------------------------------------------  --------------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 08, 2017 07:50 ET (12:50 GMT)

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