Zenith Energy Ltd Request for a Suspension (2365B)
06 October 2020 - 8:33PM
UK Regulatory
TIDMZEN
RNS Number : 2365B
Zenith Energy Ltd
06 October 2020
October 6, 2020
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Request for a Suspension
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, has
today requested a suspension under the Listing Rules of its listing
from the standard segment of the UK Official List and of the
trading of its common shares of no par value ("Common Shares") on
the Main Market of the London Stock Exchange (the "Suspension").
The Suspension has been requested as the Company has yet to publish
its audited financial statements for the year to 31 March 2020 in
accordance with the requirements of part 4.1 of the Disclosure
Guidance and Transparency Rules (the "Annual Report"). The Company
will seek the lifting of the Suspension on the publication of
Annual Report.
The Common Shares will concurrently be suspended from trading on
the Merkur Market of the Oslo Stock Exchange.
As announced on 30 September 2020, the Company expects the
Annual Report to be published in or around the week beginning 19
October 2020, with any variance to this expectation to be updated
to the market. As previously set out, this delay follows
consultations with its independent auditor, PKF LittleJohn,
resulting from the imminent potential award of a new 25-year
license in the Republic of the Congo for the Tilapia oilfield.
Zenith can also confirm that it has engaged the auditors to
perform an ISRE 2410 review on the interim financial statements for
the six months ended September 30, 2020.
Further, the Company is in the process of engaging a Big 4
accounting firm to perform a Purchase Price Allocation exercise in
respect of the acquisition of Anglo African Oil & Gas Congo
S.A.U.
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Tel: +1 (587) 315 9031
Officer
-----------------------------
E-mail: info@zenithenergy.ca
-----------------------------
Allenby Capital Limited - Financial
Adviser & Broker
-----------------------------
Nick Harriss Tel: + 44 (0) 203 328 5656
Nick Athanas
-----------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production
company, listed on the London Stock Exchange (LSE:ZEN) and the
Merkur Market of the Oslo Stock Exchange (ZENA:ME).
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
SRSUNOKRRUURRRA
(END) Dow Jones Newswires
October 06, 2020 05:33 ET (09:33 GMT)
Zenith Energy (LSE:ZEN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Zenith Energy (LSE:ZEN)
Historical Stock Chart
From Jul 2023 to Jul 2024