Infinity Energy S.A. Update - Intention to seek listing on Standard List

 
TIDMINFT 
 
Infinity Energy S.A. 
 
                         ("Infinity" or the "Company") 
 
           Update - Intention to seek a listing on the Standard List 
 
As announced on 2 February 2018, the Company intends to commence the process of 
applying for a Standard Listing of the Company's ordinary shares on the Main 
Market of the London Stock Exchange. The board would like to clarify to 
shareholders that as part of this admission process, the intention of the Board 
is to complete a transaction as part of a simultaneous listing. Indeed, the 
Company is in advanced discussions to acquire a stake in a company which holds 
several on-shore oil and gas exploration licences in the United Kingdom. 
 
Shareholders should note that Admission to the Official List and trading on the 
Standard Segment of the London Stock Exchange's Main Market for listed 
securities is subject to the approval of the UK Listing Authority and the 
Exchange. Shareholders should be aware that there can be no certainty that the 
Company will be able to successfully list on the Standard Segment of the London 
Stock Exchange. Furthermore, the acquisition of the stake mentioned above will 
be subject to Admission. 
 
Further announcements will be made in due course. 
 
In the meantime, the Company's shares will continue to be admitted to trading 
on AIM.  However, as the Company is an AIM Rule 15 cash shell, the Company will 
have to make an acquisition or acquisitions which constitute a reverse takeover 
under Rule 14 of the AIM Rules by 12 April 2018, otherwise the admission of the 
Company's shares to trading on AIM will be cancelled. 
 
For further information, please contact: 
 
Infinity Energy S.A. 
Gerwyn Williams                        Tel: [phone] 
Nomad 
Cairn Financial Advisers LLP 
Sandy Jamieson / James Caithie         Tel: [phone] 
Joint-Broker 
WH Ireland Limited 
Katy Mitchell                          Tel: [phone] 
Joint-Broker & Financial Advisers 
Peterhouse Corporate Finance Limited 
Eran Zucker / Lucy Williams            Tel: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

February 09, 2018 05:39 ET (10:39 GMT)