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CURZON ENERGY PLC
Board/Management Information • Sep 20, 2024
4986_rns_2024-09-20_903c9382-5251-408a-8b2f-2bc6d474e0fe.html
Board/Management Information
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National Storage Mechanism | Additional information 
RNS Number : 9394E
Curzon Energy PLC
20 September 2024
20 September 2024
Curzon Energy Plc
("Curzon" or the "Company")
Board Update, PDMR Dealing & TR-1
Curzon Energy Plc (LSE: CZN) announces that further to the announcement of 19 August 2024, the Company confirms that Mr. Paul Forrest and Mr. Richard Glass have joined the board with immediate effect.
Simultaneously, the Company confirms that Mr. John McGoldrick has resigned as Non-Executive Chairman, and Mr. Scott Kaintz has resigned as an Executive Director. Mr. Scott Kaintz has subsequently been appointed as a Non-Executive Director.
Richard Glass, Non-Executive Chairman comments: "We extend our gratitude to John for his perseverance in navigating Curzon Energy through a challenging phase and setting a strong foundation for future growth. The recent board changes represent early steps in shaping the Company's next chapter, and we look forward to sharing more updates on our strategic direction and growth plans in due course."
The Board of the Company will therefore consist of:
Executive Director:
Mr. Paul Forrest - Executive Director
Non-Executive Directors:
Mr. Richard Glass - Non-Executive Chairman
Mr. Scott Kaintz - Non-Executive Director
Paul Forrest, Executive Director, age 54
| Current Directorships | Non-current directorships (past 5 years) |
| Forum Energy Services Limited (FES) | Conceptual Build Limited |
| Saltfleetby Energy Limited | Forrest Accounting Limited |
| Saltfleetby Energy Europe Limited | Viridis Holdings UK Limited |
| PXOG Massey Limited | Angus Energy Plc |
| Forrest Kolebuk Development SPÓŁKA Z | The Orwell Group Limited |
| OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ | Anglo African Oil & Gas Plc |
Richard Glass, Non-Executive Director, age 47
| Current Directorships | Non-current directorships (past 5 years) |
| AtDeuce Fund (Pty) Ltd | AtCommerce Investments (Pty) Ltd |
| Atlantis Fund (Pty) Ltd | Protea Village Development Company (Pty) Ltd |
| Atlantis Fund Investments One (Pty) Ltd | AtNeat Investments (Pty) Ltd |
| Atlantis Partners (Pty) Ltd | Broadiss (Pty) Ltd |
| Atlas Park Holdings (Pty) Ltd | Frequentsee NPC |
| Bethel Partners (Pty) Ltd | |
| Fynbosland 301 CC | |
| Glasshouse Investment Holdings (Pty) Ltd | |
| Glasshouse Developments (Pty) Ltd | |
| Richmond Park Development Company (Pty) Ltd | |
| Richmond Park Investment (Pty) Ltd | |
| Skypark Capital (Pty) Ltd |
Current Director shareholdings are as follows:
| Directors | Ordinary Shares | Total Shares | % of Issued Share Capital | Warrants | Options | |
| Direct | Indirect | |||||
| Paul Forrest | 166,666,700 | Nil | 166,666,700 | 13.52% | Nil | Nil |
| Richard Glass | Nil | Nil | Nil | 0.00% | Nil | Nil |
| Scott Kaintz | Nil | 949,367 | 949,367 | 0.08% | Nil | Nil |
For further information please contact:
| Curzon Energy Plc | |
| Paul Forrest / Richard Glass | [email protected] www.curzonenergy.com |
| Peterhouse Capital Limited (Corporate Broker) | +44 (0)20 75690930 |
TR-1: Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS | ||||||
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii : | CURZON ENERGY PLC | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | ||||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | x | |||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | ||||||
| Other (please specify)iii: | ||||||
| 3. Details of person subject to the notification obligation iv | ||||||
| Name | Paul Forrest | |||||
| City and country of registered office (if applicable) | Isleworth, UK | |||||
| 4. Full name of shareholder(s) (if different from 3.) v | ||||||
| Name | ||||||
| City and country of registered office (if applicable) | ||||||
| 5. Date on which the threshold was crossed or reached vi : | 18/09/2024 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 18/09/2024 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) | Total number of voting rights of issuer vii | |||
| Resulting situation on the date on which threshold was crossed or reached | 13.52% | 13.52% | 166 , 666 , 700 | |||
| Position of previous notification (if applicable) |
||||||
| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii | |||||||||
| A: Voting rights attached to shares | |||||||||
| Class/type of shares ISIN code (if possible) |
Number of voting rights ix | % of voting rights | |||||||
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) |
Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
||||||
| GB00BD97ND60 | 166 , 666 , 700 | 13.52% | |||||||
| SUBTOTAL 8. A | 166 , 666 , 700 | 13.52% | |||||||
| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
| Type of financial instrument | Expiration date x |
Exercise/ Conversion Period xi |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights | |||||
| SUBTOTAL 8. B 1 | |||||||||
| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
| Type of financial instrument | Expiration date x |
Exercise/ Conversion Period xi |
Physical or cash settlement xii |
Number of voting rights | % of voting rights | ||||
| SUBTOTAL 8.B.2 | |||||||||
| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
||||
| 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 xiii | X | |||
| Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv (please add additional rows as necessary) |
||||
| Name xv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
| Paul Forrest | 13.52% | 13.52% | ||
| 10. In case of proxy voting, please identify: | ||||
| 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 xvi | ||||
| Place of completion | UNITED KINGDOM |
| Date of completion | 19/09/2024 |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Paul Forrest | |||
| 2 | Reason for the notification For persons discharging managerial responsibilities: - The position occupied within the issuer or emission allowance market participant should be indicated e.g. CEO, CFO. For persons closely associated with: - An indication that the notification concerns a person closely associated with a person discharging managerial responsibilities; - Name and position of the relevant person discharging managerial responsibilities |
||||
| a) | Position/status | Executive Director | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor | ||||
| a) | Name | Curzon Energy Plc | |||
| b) | LEI | GB00BD97ND60 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Curzon Energy Plc | |||
| Identification code | GB00BD97ND60 | ||||
| b) | Nature of the transaction | Purchase of shares via placing | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| £0.0003 | 166,666,700 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 166,666,700 | ||||
| - Price | £0.0003 | ||||
| e) | Date of the transaction | 2024-09-18 | |||
| f) | Place of the transaction | UNITED KINGDOM | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Scott Kaintz | |||
| 2 | Reason for the notification For persons discharging managerial responsibilities: - The position occupied within the issuer or emission allowance market participant should be indicated e.g. CEO, CFO. For persons closely associated with: - An indication that the notification concerns a person closely associated with a person discharging managerial responsibilities; - Name and position of the relevant person discharging managerial responsibilities |
||||
| a) | Position/status | Director | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor | ||||
| a) | Name | Curzon Energy Plc | |||
| b) | LEI | GB00BD97ND60 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.01 pence each in Curzon Energy Plc | |||
| Identification code | GB00BD97ND60 | ||||
| b) | Nature of the transaction | Purchase of shares via placing | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| £0.0003 | 966,667,200 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 966,667,200 | ||||
| - Price | £0.0003 | ||||
| e) | Date of the transaction | 2024-09-18 | |||
| f) | Place of the transaction | UNITED KINGDOM |
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