TIDMZEN TIDM0A6V

RNS Number : 8698T

Zenith Energy Ltd

29 March 2021

March 29, 2021

ZENITH ENERGY LTD.

("Zenith" or the "Company")

TR-1 Notifications

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, announces that it has received the TR-1 Notifications set out below without amendment.

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

CA98936C1068

Issuer Name

Zenith Energy Ltd

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Nordnet AB (publ)

City of registered office (if applicable)

STOCKHOLM

Country of registered office (if applicable)

Sweden

4. Details of the shareholder

Is the shareholder the same as the person subject to the notification obligation, above?

No

 
  NAME                                        CITY OF REGISTERED OFFICE    COUNTRY OF REGISTERED OFFICE 
   Nordnet Livsforsikring AS                   Oslo                         Norway 
                                            ===========================  ============================== 
   Nordnet Pensionsförsäkring AB     Stockholm                    Sweden 
                                            ===========================  ============================== 
 

5. Date on which the threshold was crossed or reached

25-Mar-2021

6. Date on which Issuer notified

29-Mar-2021

7. Total positions of person(s) subject to the notification obligation

 
                          % of voting rights      % of voting rights      Total of both in %      Total number of 
                          attached to shares      through financial       (8.A + 8.B)             voting rights held 
                          (total of 8.A)          instruments (total                              in issuer 
                                                  of 8.B 1 + 8.B 2) 
   Resulting situation 
    on the date on 
    which threshold 
    was crossed or 
    reached                5.040000                0.000000                5.040000                58621518 
                        ======================  ======================  ======================  ====================== 
   Position of 
    previous 
    notification (if 
    applicable)            4.990000                0.000000                4.990000 
                        ======================  ======================  ======================  ====================== 
 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 
CLASS/TYPE OF SHARES    NUMBER OF DIRECT        NUMBER OF INDIRECT      % OF DIRECT VOTING      % OF INDIRECT VOTING 
ISIN CODE(IF POSSIBLE)  VOTING RIGHTS (DTR5.1)  VOTING RIGHTS           RIGHTS (DTR5.1)         RIGHTS (DTR5.2.1) 
                                                (DTR5.2.1) 
CA98936C1068                                       58621518                                        5.040000 
                        ======================  ======================  ======================  ====================== 
Sub Total 8.A              58621518                                        5.040000% 
                        ==============================================  ============================================== 
 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
TYPE OF FINANCIAL           EXPIRATION DATE  EXERCISE/CONVERSION PERIOD  NUMBER OF VOTING RIGHTS    % OF VOTING RIGHTS 
INSTRUMENT                                                               THAT MAY BE ACQUIRED IF 
                                                                         THE INSTRUMENT IS 
                                                                         EXERCISED/CONVERTED 
 
Sub Total 8.B1 
                            ===========================================  =========================  ================== 
 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
TYPE OF FINANCIAL   EXPIRATION DATE  EXERCISE/CONVERSION  PHYSICAL OR CASH     NUMBER OF VOTING     % OF VOTING RIGHTS 
INSTRUMENT                           PERIOD               SETTLEMENT           RIGHTS 
 
Sub Total 8.B2 
                    =========================================================  ===================  ================== 
 

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

 
Ultimate Controlling   Name of controlled undertaking    % of voting rights   % of voting rights   Total of both if it 
Person                                                   if it equals or is   through financial    equals or is higher 
                                                         higher than the      instruments if it    than the notifiable 
                                                         notifiable           equals or is higher  threshold 
                                                         threshold            than the notifiable 
                                                                              threshold 
   Nordnet AB (publ)      Nordnet Livsforsikring AS         4.930000                                  4.930000 
                       ================================  ===================  ===================  =================== 
                          Nordnet 
                           Pensionsförsäkring 
   Nordnet AB (publ)       AB                               0.110000                                  0.110000 
                       ================================  ===================  ===================  =================== 
 

10. In case of proxy voting

Is there proxy voting?

No

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

Nordnet Pensionsförsäkring AB and Nordnet Livsforsikring AS are wholly owned subsidiaries of Nordnet AB (publ).

12. Date of Completion

29-Mar-2021

13. Place Of Completion

Stockholm

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

CA98936C1068

Issuer Name

Zenith Energy Ltd

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Nordnet AB (publ)

City of registered office (if applicable)

STOCKHOLM

Country of registered office (if applicable)

Sweden

4. Details of the shareholder

Is the shareholder the same as the person subject to the notification obligation, above?

No

 
  NAME                                        CITY OF REGISTERED OFFICE    COUNTRY OF REGISTERED OFFICE 
   Nordnet Pensionsförsäkring AB     Stockholm                    Sweden 
                                            ===========================  ============================== 
   Nordnet Livsforsikring AS                   Oslo                         Norway 
                                            ===========================  ============================== 
 

5. Date on which the threshold was crossed or reached

24-Mar-2021

6. Date on which Issuer notified

26-Mar-2021

7. Total positions of person(s) subject to the notification obligation

 
                          % of voting rights      % of voting rights      Total of both in %      Total number of 
                          attached to shares      through financial       (8.A + 8.B)             voting rights held 
                          (total of 8.A)          instruments (total                              in issuer 
                                                  of 8.B 1 + 8.B 2) 
   Resulting situation 
    on the date on 
    which threshold 
    was crossed or 
    reached                4.99                    0.00                    4.99                    58135614 
                        ======================  ======================  ======================  ====================== 
   Position of 
    previous 
    notification (if 
    applicable)            5.07                    0.00                    5.07 
                        ======================  ======================  ======================  ====================== 
 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 
CLASS/TYPE OF SHARES    NUMBER OF DIRECT        NUMBER OF INDIRECT      % OF DIRECT VOTING      % OF INDIRECT VOTING 
ISIN CODE(IF POSSIBLE)  VOTING RIGHTS (DTR5.1)  VOTING RIGHTS           RIGHTS (DTR5.1)         RIGHTS (DTR5.2.1) 
                                                (DTR5.2.1) 
CA98936C1068                                       58135614                                        4.990000 
                        ======================  ======================  ======================  ====================== 
Sub Total 8.A              58135614                                        4.990000% 
                        ==============================================  ============================================== 
 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
TYPE OF FINANCIAL           EXPIRATION DATE  EXERCISE/CONVERSION PERIOD  NUMBER OF VOTING RIGHTS    % OF VOTING RIGHTS 
INSTRUMENT                                                               THAT MAY BE ACQUIRED IF 
                                                                         THE INSTRUMENT IS 
                                                                         EXERCISED/CONVERTED 
 
Sub Total 8.B1 
                            ===========================================  =========================  ================== 
 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
TYPE OF FINANCIAL   EXPIRATION DATE  EXERCISE/CONVERSION  PHYSICAL OR CASH     NUMBER OF VOTING     % OF VOTING RIGHTS 
INSTRUMENT                           PERIOD               SETTLEMENT           RIGHTS 
 
Sub Total 8.B2 
                    =========================================================  ===================  ================== 
 

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

 
Ultimate Controlling   Name of controlled undertaking    % of voting rights   % of voting rights   Total of both if it 
Person                                                   if it equals or is   through financial    equals or is higher 
                                                         higher than the      instruments if it    than the notifiable 
                                                         notifiable           equals or is higher  threshold 
                                                         threshold            than the notifiable 
                                                                              threshold 
                          Nordnet Livsforsikring AS 
   Nordnet AB (publ)       914350956                        4.890000                                  4.890000 
                       ================================  ===================  ===================  =================== 
    Nordnet Pensionsförsäkring AB 516406-0286     0.100000                                  0.100000 
 ======================================================  ===================  ===================  =================== 
 

10. In case of proxy voting

Is there proxy voting?

No

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

Nordnet Pensionsförsäkring AB and Nordnet Livsforsikring AS are wholly owned subsidiaries of Nordnet AB (publ).

12. Date of Completion

26-Mar-2021

13. Place Of Completion

Stockholm

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