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Share Name Share Symbol Market Type Share ISIN Share Description
Zenith Energy Ltd. LSE:ZEN London Ordinary Share CA98936C1068 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.045 -5.14% 0.83 0.80 0.85 0.875 0.825 0.875 1,177,854 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.4 6.7 -83.0 - 16

Zenith Energy Ltd Bond maturity and repayment of EUR 2,360,000

20/12/2021 11:33am

UK Regulatory (RNS & others)


Zenith Energy (LSE:ZEN)
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RNS Number : 2124W

Zenith Energy Ltd

20 December 2021

December 20, 2021

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Notice of bond maturity and repayment of EUR 2,360,000

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the Africa focused energy production and development company , is pleased to announce that it has today made repayment upon maturity of the Zenith Energy Ltd 8% Notes - 2021 (ISIN: AT0000A23S79 ) listed on the Vienna MTF of the Vienna Stock Exchange and the Frankfurt Stock Exchange, for an amount of EUR 2,360,000, as well paying a final coupon payment of EUR 94,400, for a total amount paid of EUR 2,454,400.

Andrea Cattaneo, Chief Executive Officer, commented:

" We are delighted to have successfully repaid our first listed bond. This important milestone reinforces our credibility as a debt issuer and will enable the Company to further improve its credit rating, which was recently upgraded on November 1, 2021.

The pursuit of non-dilutive, large-scale debt financing will be one of our key strategic priorities in terms of funding for Zenith during 2022.

During recent months the Company has been able to make significant payments, including settlement of the consideration payable for the acquisition of CNPC's interest in the Tunisian SLK, which are clear evidence of our strong cash position made possible by our energy production operations and their associated profitability.

We look forward with great enthusiasm to commencing our fully-funded field development in Tunisia shortly, as well as delivering on further potential near-term acquisitions in the Republic of the Congo, Tunisia and Nigeria ."

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Further Information:

 
 Zenith Energy Ltd                     Tel: +1 (587) 315 9031 
 
  Andrea Cattaneo, Chief Executive      E: info@zenithenergy.ca 
  Officer 
 Allenby Capital Limited - Financial   Tel: + 44 (0) 203 328 5656 
  Adviser & Broker 
 
  Nick Harriss 
  Nick Athanas 
                                      ------------------------------ 
 Celicourt Communications (Financial   Tel: +44 (0) 208 434 2643 
  PR)                                   E: zenithenergy@celicourt.uk 
 
  Mark Antelme 
  Jimmy Lea 
                                      ------------------------------ 
 

Notes to Editors :

Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA). Zenith's development strategy is to identify and rapidly complete value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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December 20, 2021 06:33 ET (11:33 GMT)

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