Zenith Energy Ltd Appointment of Country Manager & Prospectus (9187Y)
18 5월 2021 - 3:00PM
UK Regulatory
TIDMZEN
RNS Number : 9187Y
Zenith Energy Ltd
18 May 2021
May 18, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Appointment of Country Manager in the Congo & Update on UK
Prospectus
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA), the listed international oil & gas production company
focused on pursuing African development opportunities, is pleased
to announce that it is has appointed a new Country Manager in the
Republic of the Congo, Mr. Donatien Mpika.
Mr. Mpika was previously the Country Manager for Lynx Energy
Trading Congo for a period of almost ten years, as well as having
previously served as technical consultant and special advisor to
the Government of the Republic of the Congo.
Preparation of a UK Prospectus
The Company is pleased to confirm that it is currently in the
process of having a prospectus (the "Prospectus") approved by the
UK Financial Conduct Authority ("FCA"). The Prospectus is in
relation to the Company's common shares of no par value ("Common
Shares") which are admitted to trading on the Euronext Growth of
the Oslo Stock Exchange, but not on the Main Market of the London
Stock Exchange, nor the standard segment of the FCA Official List
(the "Admission Shares").
The Board of Directors of Zenith recognises that certain of the
Admission Shares have not been admitted to trading on the Main
Market of the London Stock Exchange and to the standard segment of
the FCA Official List within 12 months of their issue, as had been
stated in previous market announcements relating to issuances of
equity capital. The material changes the Company's business
activities have undergone in terms of geographic focus during the
past 12 months, as well as the impact of the COVID-19 pandemic,
have delayed the preparation of the Prospectus. The applications
for the Admission Shares to be traded on the Main Market of the
London Stock Exchange and the standard segment of the FCA Official
List will be made alongside the Prospectus. The table below shows
those Common Shares that are admitted to trading on the respective
markets. There are currently 955,488,507 Admission Shares.
Common Shares Total number of shares
Common Shares in issue and admitted
to trading on the Main Market of the
London Stock Exchange 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 1,268,889,331
-------------------------
Andrea Cattaneo, Chief Executive Officer of Zenith,
commented:
" We are very pleased to now officially announce the appointment
of Donatien Mpika as Zenith's Country Manager in the Congo.
He brings a wealth of experience and local expertise that will
prove invaluable as we seek to advance our activities as a foreign
investor in the Congo.
The management team will be working very closely with Donatien
in the weeks ahead to enable Zenith to achieve tangible progress in
achieving its objectives in-country."
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 oil
& gas sector, specifically in Africa.
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END
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