TR1 - Notification of Major Holdings
(TheNewswire)
Calgary, AB / TheNewswire / June 28, 2018 - Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE), the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, announces that it has received the following TR-1 Notification in accordance with the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
TR-1: Standard form for notification of major holdings
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |NOTIFICATION OF MAJOR HOLDINGS | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: |ZENITH ENERGY LTD. | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Non-UK issuer | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |2. Reason for the notification (please mark the appropriate box or boxes with an "X") | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |An acquisition or disposal of voting rights |X | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |An acquisition or disposal of financial instruments | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |An event changing the breakdown of voting rights |X | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Other (please specify)iii: | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |3. Details of person subject to the notification obligationiv | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Name |Miton UK Microcap Trust PLC | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |City and country of registered office (if applicable) |Exeter, England | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |4. Full name of shareholder(s) (if different from 3.)v | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Name |BNY (OCS) Nominees Limited | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |City and country of registered office (if applicable) |London, England | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |5. Date on which the threshold was crossed or reachedvi: |26/06/2018 | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |6. Date on which issuer notified (DD/MM/YYYY): |27/06/2018 | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |7. Total positions of person(s) subject to the notification obligation | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | |% of voting rights |% of voting |Total of both|Total | | |attached to shares (total |rights |in % (8.A + |number of | | |of 8. A) |through financial |8.B) |voting | | | |instruments(total | |rights of | | | |of 8.B 1 + 8.B 2) | |issuervii | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Resulting situation on the date on |4.13% |- |4.13% |214,094,217 | |which threshold was crossed or | | | | | |reached | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Position of previous notification (if |0.00% |- |0.00% | | |applicable) | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |A: Voting rights attached to shares | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Class/type ofshares |Number of voting rightsix |% of voting rights | |ISIN code (if possible) | | | | |---------------------------------------------------------------------------------------------------------------------------------------------| | |Direct |Indirect |Direct |Indirect | | |(Art 9 of |(Art 10 |(Art 9 of Directive 2004/109/EC) (DTR5.1) |(Art 10 of Directive | | |Directive |of | |2004/109/EC) (DTR5.2.1)| | |2004/109/EC) |Directive | | | | |(DTR5.1) |2004/109/EC) | | | | | |(DTR5.2.1) | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |CA98936C1068 |- |8,848,312 |- |4.13% | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |SUBTOTAL 8. A |8,848,312 |4.13% | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Type of financial instrument |Expirationdatex|Exercise/Conversion Periodxi |Number of |% of voting rights | | | | |voting rights | | | | | |that may be | | | | | |acquired if | | | | | |the instrument | | | | | |is | | | | | |exercised/converted. | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | |SUBTOTAL 8. B 1 | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Type of |Expirationdatex |Exercise/Conversion Period xi|Physical or cash |Number of voting rights |% of voting rights | |financial | | |settlementxii | | | |instrument | | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | |SUBTOTAL 8.B.2 | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |9. Information in relation to the person subject to the notification obligation (please mark the | |applicable box with an "X") | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii |X | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Full chain of controlled | | |undertakings through which | | |the voting rights and/or | | |thefinancial instruments are | | |effectively held starting | | |with the ultimate controlling | | |natural person or legal | | |entityxiv (please add | | |additional rows as necessary) | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Namexv |% of voting rights if it equals or is |% of voting rights through financial instruments if |Total of both if it equals or is higher than the notifiable threshold | | |higher than the notifiable threshold |it equals or is higher than the notifiable threshold | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |10. In case of proxy voting, please identify: | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |Name of the proxy holder | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |The number and % of voting rights held | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |The date until which the voting rights will be held | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |11. Additional informationxvi | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------ |Place ofcompletion|Exeter, England| |----------------------------------| |Date of completion|27/06/2018 | ------------------------------------
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Zenith Energy Ltd.
Andrea Cattaneo
Chief Executive Officer
E-mail: [email protected]
Tel: +1 (587) 315 9031
Vigo Communications - PR Adviser
Patrick d'Ancona
Chris McMahon
Kate Rogucheva
Tel: +44 (0) 20 7830 9700
Daniel Stewart & Company Plc - (Joint Broker)
Robert Emmet- Corporate Broking
Nikhil Varghese- Corporate Finance
Tel: + 44 (0) 207 776 6550
Optiva Securities - (Joint Broker)
Christian Dennis
Tel: + 44 (0) 203 137 1903
Allenby Capital Limited - (Financial Adviser)
Nick Harriss
Nick Athanas
Tel: + 44 (0) 203 328 5656
Notes to Editors:
Zenith Energy Ltd. is an international oil and gas production company, dual listed on the TSX Venture Exchange and London Stock Exchange.
The Company operates the largest onshore oilfield in Azerbaijan following the signing of a 25-year REDPSA, (Rehabilitation, Exploration, Development and Production Sharing Agreement), with SOCAR, State Oil Company of the Azerbaijan Republic, in 2016.
The Company's primary focus is the development of its Azerbaijan operations by leveraging its technical expertise and financial resources to maximise low-cost oil production via a systematic field rehabilitation programme intended to achieve significantly increased revenue. Zenith also operates, or has working interests in, a number of natural gas production concessions in Italy. The Company's Italian operations produce natural gas, natural gas condensate and electricity.
Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector. The Company's Board of Directors and senior management team have the experience and technical expertise to develop the Company successfully.
To find out more, visit www.zenithenergy.ca or follow Zenith on Twitter @zenithenergyltd
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