Zenith Energy Ltd Bond maturity and repayment of EUR 2,360,000 (2124W)
20 Diciembre 2021 - 05:33AM
UK Regulatory
TIDMZEN
RNS Number : 2124W
Zenith Energy Ltd
20 December 2021
December 20, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Notice of bond maturity and repayment of EUR 2,360,000
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA), the Africa focused energy production and development company
, is pleased to announce that it has today made repayment upon
maturity of the Zenith Energy Ltd 8% Notes - 2021 (ISIN:
AT0000A23S79 ) listed on the Vienna MTF of the Vienna Stock
Exchange and the Frankfurt Stock Exchange, for an amount of EUR
2,360,000, as well paying a final coupon payment of EUR 94,400, for
a total amount paid of EUR 2,454,400.
Andrea Cattaneo, Chief Executive Officer, commented:
" We are delighted to have successfully repaid our first listed
bond. This important milestone reinforces our credibility as a debt
issuer and will enable the Company to further improve its credit
rating, which was recently upgraded on November 1, 2021.
The pursuit of non-dilutive, large-scale debt financing will be
one of our key strategic priorities in terms of funding for Zenith
during 2022.
During recent months the Company has been able to make
significant payments, including settlement of the consideration
payable for the acquisition of CNPC's interest in the Tunisian SLK,
which are clear evidence of our strong cash position made possible
by our energy production operations and their associated
profitability.
We look forward with great enthusiasm to commencing our
fully-funded field development in Tunisia shortly, as well as
delivering on further potential near-term acquisitions in the
Republic of the Congo, Tunisia and Nigeria ."
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("MAR"). Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain.
Further Information:
Zenith Energy Ltd Tel: +1 (587) 315 9031
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
Allenby Capital Limited - Financial Tel: + 44 (0) 203 328 5656
Adviser & Broker
Nick Harriss
Nick Athanas
------------------------------
Celicourt Communications (Financial Tel: +44 (0) 208 434 2643
PR) E: zenithenergy@celicourt.uk
Mark Antelme
Jimmy Lea
------------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production
company, listed on the London Stock Exchange (LSE:ZEN) and the
Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly complete
value-accretive hydrocarbon production opportunities in the oil
& gas sector, specifically in Africa.
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END
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December 20, 2021 06:33 ET (11:33 GMT)
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