Curzon Energy PLC Corporate Update
01 Mayo 2024 - 4:41AM
RNS Regulatory News
RNS Number : 8202M
Curzon Energy PLC
01 May 2024
1 May
2024
Curzon Energy
Plc
("Curzon"
or the "Company")
Corporate
Update
Curzon Energy Plc (LON:CZN),
the London Stock Exchange listed company, announces an update
in relation to its Annual Report and Financial Statements for the
financial year ended 2023, as well as to the status of any
potential transactions.
As stipulated by the Listing Rules
and Disclosure and Transparency Rules, the Company is required to
publish its audited Annual Report by 30 April 2024. However,
the Company and its auditors have requested additional time in
order to complete an ongoing corporate restructuring with the
objective of recapitalising the Company and the elimination of its
outstanding liabilities and corporate debt ("Corporate
Restructuring").
The Company is targeting the
publication of the 2023 Annual Report in May 2024 but this is
conditional upon the Company completing the Corporate
Restructuring. There is currently no certainty that the
Company will be able to complete the Corporate Restructuring as
this process is dependent on reaching agreement with all the
Company's creditors.
The Company further confirms that it
has ceased discussions regarding any reverse takeover transaction,
as the progression of any such discussions is dependent on
completion of the Corporate Restructuring. The Company will
therefore apply for the suspension of trading in its shares to be
lifted, following the completion of the Corporate Restructuring,
provided the Company has published its 2023 Annual
Report.
Notwithstanding the suspension of
trading in the Company's ordinary shares, the Company will make
announcements regarding material progress is made in relation to
the Corporate Restructuring and continue to comply with its ongoing
disclosure requirements under the Market Abuse
Regulation.
For further information please
contact:
Curzon Energy Plc
Scott Kaintz
Development@curzonenergy.com
Peterhouse Capital Limited
(Corporate Broker)
Lucy Williams / Duncan Vasey / Brefo
Gyasi
+44 (0)20 75690930
www.curzonenergy.com
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END
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Curzon Energy (LSE:CZN)
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Curzon Energy (LSE:CZN)
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