Zenith Energy

Share Issue/Capital Change • Sep 25, 2023

National Storage Mechanism | Additional information

RNS Number : 5898N

Zenith Energy Ltd

25 September 2023

September 25, 2023             

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Implementation of Share Consolidation

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, announces the following information in respect of the share consolidation that was approved by shareholders at the Company's annual general meeting held on April 14, 2023 (the "Consolidation"). 

Under the Consolidation, one new common share of no par value ("New Common Shares") will be issued for every ten existing common shares of no par value ("Old Common Shares"). 

Applications will be made for the New Common Shares to be admitted to the standard segment of the FCA Official List and to trading on the Main Market for listed securities of the London Stock Exchange.

Consolidation Timetable

Latest time and date for dealings in Old Common Shares	4.30 p.m. on 26 September 2023
Record Date	6.00 p.m. on 26 September 2023
Admission effective and commencement of dealings in the New Common Shares	8.00 a.m. on 27 September 2023
CREST accounts credited with the New Common Shares in uncertificated form	27 September 2023
Despatch of definitive certificates for New Common Shares (in certificated form)	3 October 2023

Consolidation Statistics

Common Shares admitted to the standard segment of the FCA Official List and to trading on the LSE Main Market	1,919,949,343
Consolidation ratio of Old Common Shares to New Common Shares	10:1
Total number of New Common Shares in issue following the Consolidation	191,994,934
ISIN code for the New Common Shares	CA98936C8584
SEDOL for the New Common Shares	BMCMN86
CFI for the New Common Shares	ESVUFR
FISN for the New Common Shares	ZENITH ENERGY L/SH
TIDM for the New Common Shares	ZEN

Further Information:

Zenith Energy Ltd Andrea Cattaneo, Chief Executive Officer	Tel: +1 (587) 315 1279 E:  info@zenithenergy.ca

Notes to Editors:                                           

Zenith Energy Ltd. is a revenue generating, independent energy company with production, exploration and development assets in North Africa and Europe, including electricity generation in Italy. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange(OSE: ZENA).

Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.

For more information, please visit:  www.zenithenergy.ca

Twitter: @zenithenergyltd

LinkedIn:  https://bit.ly/3A5PRJb

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