RNS Number : 9597E

Curzon Energy PLC

11 November 2020

Market Abuse Regulation (MAR) Disclosure

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.

11 November 2020

Curzon Energy Plc

("Curzon" or the "Company")

Temporary Suspension of Trading

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.

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.

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.

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.

The Company will continue to update the market on progress as appropriate.

 For further information please 
 Curzon Energy Plc                 +44 (0) 20 7747 9980 
 Scott Kaintz 
 SP Angel Corporate Finance LLP    +44 (0) 20 3470 0470 

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) Dow Jones Newswires

November 11, 2020 02:33 ET (07:33 GMT)

Curzon Energy (LSE:CZN)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Curzon Energy Charts.
Curzon Energy (LSE:CZN)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Curzon Energy Charts.