I3E I3 Energy Plc

TIDMI3E

RNS Number : 2566T

i3 Energy PLC

13 November 2023

13 November 2023

i3 Energy plc

("i3", "i3 Energy", or the "Company")

Capital Reduction

i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces that the court order cancelling i3 Energy's share premium account and the associated court approved statement of capital, has been delivered to the Registrar of Companies, and the Capital Reduction will become effective upon the registration of the court order by the Registrar of Companies, which is expected to occur in the next few days.

ENDS

Enquiries:

 
 i3 Energy plc                        c/o Camarco 
  Majid Shafiq (CEO)                   Tel: +44 (0) 203 781 8331 
 
 WH Ireland Limited (Nomad and 
  Joint Broker)                         Tel: +44 (0) 207 220 1666 
  James Joyce, Darshan Patel 
 
 Tennyson Securities (Joint Broker) 
  Peter Krens                           Tel: +44 (0) 207 186 9030 
 
 Stifel Nicolaus Europe Limited 
  (Joint Broker)                        Tel: +44 (0) 20 7710 7600 
  Ashton Clanfield, Callum Stewart 
 
 Camarco 
  Andrew Turner, Violet Wilson,         Tel: +44 (0) 203 757 4980 
  Sam Morris 
 

Notes to Editors:

i3 Energy is an oil and gas Company with a low cost, diversified, growing production base in Canada's most prolific hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea with significant upside.

The Company is well positioned to deliver future growth through the optimisation of its existing 100% owned asset base and the acquisition of long life, low decline conventional production assets.

i3 is dedicated to responsible corporate practices and the environment, and places high value on adhering to strong Environmental, Social and Governance (" ESG ") practices. i3 is proud of its performance to date as a responsible steward of the environment, people , and capital management. The Company is committed to maintaining an ESG strategy, which has broader implications to long-term value creation, as these benefits extend beyond regulatory requirements.

i3 Energy is listed on the AIM market of the London Stock Exchange under the symbol I3E and on the Toronto Stock Exchange under the symbol ITE. For further information on i3 Energy please visit https://i3.energy

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(END) Dow Jones Newswires

November 13, 2023 06:22 ET (11:22 GMT)

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