TIDMZEN

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

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             CA98936C8584 
  Shares 
                                   ------------------- 
 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 
                                     Tel: +1 (587) 315 1279 
 Andrea Cattaneo, Chief Executive    E: info@zenithenergy.ca 
 Officer

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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END

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