Zenith Energy Ltd Holding(s) in Company (0483S)

TIDMZEN

RNS Number : 0483S

Zenith Energy Ltd

06 March 2023

March 6, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Holding(s) in Company

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international energy production and development company, announces that it has received the TR-1 Notification set out below without amendment.

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

CA98936C1068

Issuer Name

ZENITH ENERGY LTD.

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Andrea Cattaneo

City of registered office (if applicable)

N/A

Country of registered office (if applicable)

N/A

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

3- March-2023

6. Date on which Issuer notified

6-March-2023

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

 
                          % of voting rights      % of voting rights      Total of both in %      Total number of 
                          attached to shares      through financial       (8.A + 8.B)             voting rights held 
                          (total of 8.A)          instruments (total                              in issuer 
                                                  of 8.B 1 + 8.B 2) 
  Resulting situation 
   on the date on 
   which threshold was 
   crossed or reached     7. 24                   0.000000                7. 24                   167,163,912 
                        ======================  ======================  ======================  ====================== 
  Position of previous 
   notification (if 
   applicable) 
                        ======================  ======================  ======================  ======================

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

8A. Voting rights attached to shares

 
  Class/Type of shares    Number of direct        Number of indirect      % of direct voting      % of indirect voting 
  ISIN code(if            voting rights           voting rights           rights (DTR5.1)         rights (DTR5.2.1) 
  possible)               (DTR5.1)                (DTR5.2.1) 
  CA98936C1068            167,163,912                                     7.24% 
                        ======================  ======================  ======================  ====================== 
  Sub Total 8.A           167,163,912                                     7.24% 
                        ==============================================  ==============================================

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
  Type of financial         Expiration date    Exercise/conversion        Number of voting          % of voting rights 
  instrument                                   period                     rights that may be 
                                                                          acquired if the 
                                                                          instrument is 
                                                                          exercised/converted 
 
  Sub Total 8.B1 
                          ============================================  ========================  ====================

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
  Type of            Expiration date    Exercise/conversion    Physical or        Number of voting    % of voting 
  financial                             period                 cash settlement    rights              rights 
  instrument 
 
  Sub Total 8.B2 
                   ===========================================================  ==================  ==================

9. Information in relation to the person subject to the notification obligation

1. 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) issuer.

 
  Ultimate controlling    Name of controlled      % of voting rights      % of voting rights      Total of both if it 
  person                  undertaking             if it equals or is      through financial       equals or is higher 
                                                  higher than the         instruments if it       than the notifiable 
                                                  notifiable threshold    equals or is higher     threshold 
                                                                          than the notifiable 
                                                                          threshold

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

March 3, 2023

13. Place Of Completion

Lugano, Switzerland

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