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Sintana Energy Inc. Announces Publication of Scheme Document in Connection with Acquisition of Challenger Energy Group plc
TORONTO, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI) ("Sintana" or the "Co...
About this update from Sintana Energy Inc.
[{"type":"text","content":"Sintana Energy Inc. Announces Publication of Scheme Document in Connection with Acquisition of Challenger Energy Group plc\n\n\n\n TORONTO, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI) (\"Sintana\" or the \"Company\") is pleased to provide an update with respect to its previously announced agreement with Challenger Energy Group plc (\"Challenger\") pursuant to which Sintana will acquire all of the issued and to be issued ordinary share capital of Challenger (the \"Acquisition\"). It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part IV (section 152) of the Isle of Man Companies Act 1931 as amended from time to time (the “Scheme”).\n \n\n Terms used but not otherwise defined in this announcement shall have the meanings given to them in the Scheme Document (defined below). All references to times in this announcement are to London, United Kingdom times unless stated otherwise.\n \n\n\n Publication of the Scheme Document\n \n\n\n The Independent Challenger Directors and Sintana are pleased to announce that a circular in relation to the Scheme (the “Scheme Document”) has now been published. The Scheme Document sets out, amongst other things, a letter from the Chairman of Challenger, an explanatory statement, the full terms and conditions of the Scheme, a description of the New Sintana Shares, an expected timetable of principal events, notices of the Court Meeting and General Meeting and details of the actions to be taken by Challenger Shareholders. The Scheme Document has been published today and is available on Sintana’s and Challenger’s websites (subject to any restrictions relating to persons resident in a Restricted Jurisdiction) at\n \n https://sintanaenergy.com/investor/business-combination-disclosure/\n \n and\n \n https://www.cegplc.com/documents-disclaimer/\n \n .\n \n\n Hard copies of the Scheme Document and Forms of Proxy for use at the Court Meeting and General Meeting are being sent today to Challenger Shareholders.\n \n\n\n Action required and notices of the Court Meeting and the General Meeting\n \n\n\n As further set out in the Scheme Document, before the Court’s sanction can be sought for the Scheme, the Scheme requires, amongst other things, the requisite majorities of:\n \n\n\n Sch...