Energean PLC Total Voting Rights (3148U)
April 01 2021 - 05:00AM
UK Regulatory
TIDMENOG
RNS Number : 3148U
Energean PLC
01 April 2021
Energean plc
("Energean" or the "Company")
Total Voting Rights
London, 1 April 2021 - Energean plc (LSE: ENOG, TASE: ) today
announces that in conformity with DTR 5.6.1, the following:
(a) the Company's issued share capital consists of 177,094,457
ordinary shares of 1p each with voting rights;
(b) the Company does not hold any shares in Treasury; and
(c) accordingly, the total number of voting rights in the
Company is 177,094,457 and this figure may be used by shareholders
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the Disclosure
Guidance and Transparency Rules of the FCA.
Enquiries
Investors and Analysts
Kate Sloan, Head of IR, ECM & Communications Tel: +44 (0)7917 608
645
About Energean plc
Established in 2007, Energean is a London Premium Listed FTSE
250 and Tel Aviv 35 Listed E&P company with operations in nine
countries across the Mediterranean and UK North Sea. Since IPO in
2018, Energean has grown to become the leading independent,
gas-focused E&P company in the Eastern Mediterranean, with a
strong production and development growth profile. The Company
explores and invests in new ideas, concepts and solutions to
produce and develop energy efficiently, at low cost and with a
minimal carbon footprint.
Energean's production comes mainly from the Abu Qir field in
Egypt, as well as fields in Southern Europe and the UK. The
company's flagship project is the 3.5 Tcf Karish, Karish North and
Tanin development, offshore Israel, where it intends to use the
newbuild fully-owned FPSO Energean Power, which will be the only
FPSO in the Eastern Mediterranean, to produce first gas, commencing
December 2021 / 1Q 2022. Energean has signed firm contracts for 7.4
Bcm/yr of gas sales into the Israeli domestic market, which have
floor pricing, take-or-pay and/or exclusivity provisions that
largely insulate the project's revenues against global commodity
price fluctuations and underpin Energean's goal of paying a
meaningful and sustainable dividend.
With a strong track record of growing reserves and resources,
Energean is focused on maximising production from its large-scale
gas-focused portfolio to deliver material free cash flow and
maximise total shareholder return in a sustainable way. ESG and
health and safety are paramount to Energean; it aims to run safe
and reliable operations, whilst targeting carbon-neutrality across
its operations by 2050. These aspirations were significantly
advanced with the completion of the Edison E&P acquisition in
December 2020, which is now being successfully integrated into
Energean's business. The Company further enhanced its Israeli
position in 2021 through the acquisition of Kerogen Capital's 30%
holding in Energean Israel for a total consideration of $380-405
million.
www.energean.com
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