Business
Temporary Suspension of Trading
Temporary Suspension of Trading.
About this update from Corpus Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9597E\n Curzon Energy PLC\n 11 November 2020\n \n \n \n \n Market Abuse Regulation (MAR) Disclosure\n \n \n Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n \n \n \n \n 11 November 2020\n \n \n \n \n \n \n Curzon Energy Plc\n \n \n \n (\"Curzon\" or the \"Company\")\n \n \n \n \n \n \n Temporary Suspension of Trading\n \n \n \n \n \n Curzon Energy plc (LON:CZN) the London Stock Exchange listed oil and gas company, announces it has requested a temporary suspension of listing in its ordinary shares with effect from 07:30 a.m. today, 11 November 2020. \n \n \n \n \n \n Details of a potential transaction with Sun Seven Stars Investment Group (\"SSSIG\") were first announced on 18 March 2020, and updates provided on 1 July 2020, 12 August 2020 and on 2 November 2020. Although the period of exclusivity originally granted to SSSIG has expired, the Company remains in discussions with SSSIG regarding a potential extension of the exclusivity period with a view to a potential transaction, and we await requested due diligence materials in order to be able to agree terms with SSSIG.\n \n \n \n \n \n While the parties continue to work constructively towards a potential transaction, there can be no certainty around the length of time required to reach definitive agreement or the likelihood of concluding a potential transaction, that would remain subject to due diligence, agreement on terms, and completion of the acquisition and re-listing of the enlarged group on the Official List.\n \n \n \n \n \n A potential transaction, if completed, would constitute a reverse takeover under the Listing Rules. As the Company is currently unable to provide full disclosure on the potential transaction, it has requested a temporary suspension of listing in its ordinary shares, pending further progress on agreeing terms on a potential transaction.\n \n \n \n \n \n The Company will continue to update the market on progress as appropriate.\n \n \n \n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Curzon Energy Plc\n \n ...