Energean PLC Block Listing Application (7266K)
03 Septiembre 2021 - 8:30AM
UK Regulatory
TIDMENOG
RNS Number : 7266K
Energean PLC
03 September 2021
Energean plc
("Energean" or the "Company")
Block Listing Application
London, 3 September 2021 - Energean plc (LSE: ENOG, TASE: ) is
pleased to announce that an application has been made to the UK
Listing Authority and the London Stock Exchange for a block listing
of 462,000 ordinary shares of 1 pence each to be admitted to the
Official List and to trading on the London Stock Exchange.
The block listing relates to ordinary shares which will be
allotted from time to time in accordance with the exercise of
options under the Energean 2018-2021 Long Term Incentive Plan. The
shares will rank pari passu with the existing issued shares of the
Company and it is anticipated that the block listing will be
admitted on or around Monday 6 September 2021.
Enquiries
Investors, Analysts and Media
Kate Sloan, Head of IR, ECM and Communications +44 (0) 7917 608
645
About Energean plc
Established in 2007, Energean is a London Premium Listed FTSE
250 and Tel Aviv 90 Listed E&P company with operations in nine
countries across the Mediterranean and UK North Sea. Since IPO,
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 low carbon
footprint.
Energean's production comes mainly from the Abu Qir field in
Egypt and fields in Southern Europe. 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 mid-2022. Energean
has signed contracts for 7.2 Bcm/yr of gas sales on plateau 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 in
Energean's business.
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END
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