REG - Zenith Energy Ltd - Private Placement in UK and Norway

About this update from Zenith Energy Ltd.

RNS Number : 6190K Zenith Energy Ltd 08 December 2025 December 8, 2025ZENITH ENERGY LTD.("Zenith" or the "Company")Private Placement in UK and NorwayZenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR), the listed international energy production and development company, is pleased to announce that it has completed a private placement of common shares of no par value ("Common Shares") with a long-term institutional investor in the United Kingdom (the "UK Financing") and a private placement in Norway with institutional investors (the "Norwegian Financing"). The Company has also issued broker shares (the "Broker Shares") (collectively, the "Financings").The Financings have included the participation of new and existing investors to raise an aggregate total amount of approximately £3,658,500 (equivalent to approx. NOK 49,034,000), resulting in the issuance of a total of 100,892,105 new common shares ("New Common Shares").Norwegian FinancingZenith has issued a total of 84,157,162 Common Shares in connection with the Norwegian Financing (the "Norwegian Financing Common Shares") to raise gross proceeds of approximately NOK 41,525,000 (approximately £3,096,000).An application for the Norwegian Financing Common Shares to be listed on the Equity Shares (Transition) category of the Official List and to trading on the London Stock Exchange's main market for listed securities (the "Norwegian Financing Admission") will be made within 12 months of the issue of the Norwegian Financing Common Shares.UK FinancingZenith has issued a total of 13,513,514 Common Shares in connection with the UK Financing (the "UK Financing Common Shares") to raise gross proceeds of approximately £450,000 (approximately NOK 6,000,000).It is expected that the UK Financing Admission will become effective and that unconditional dealings in the UK Financing Common Shares will commence on or around 8.00 a.m. (GMT) on or around December 16, 2025.Issue PriceThe Norwegian Financing was completed at a price of NOK 0.4662 per New Norwegian Financing Common Share, representing a 10% discount in respect of the closing price of the Company's equity securities on the Euronext Growth Oslo on December 5, 2025.The UK Financing was completed at a price of £0.0333 per UK Financing Common Share, representing a 10% discount in respect of the closing Bid price of the Company's equity ...

View stock analysis, news, and events for Zenith Energy Ltd.