Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Zenith Energy Ltd.    ZEE   CA98936C1068

ZENITH ENERGY LTD.

(ZEE)
  Report
Delayed Quote. Delayed TSX VENTURE EXCHANGE - 05/29 03:57:11 pm
0.01 CAD   --.--%
05/29ZENITH ENERGY LTD : ., - Delisting from TSX-V
AQ
05/22ZENITH ENERGY LTD : . Delisting from the TSX-V
AQ
04/30ZENITH ENERGY : IIROC Trading Resumption - ZEE
AQ
SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Zenith Energy Ltd :. Delisting from the TSX-V

share with twitter share with LinkedIn share with facebook
share via e-mail
05/22/2020 | 05:53pm EDT

(via TheNewswire)



TheNewswire - May 25, 2020 -Zenith Energy Ltd. ("Zenith" or the "Company") (LSE:ZEN) (TSXV:ZEE) (OSE:ZENAME), the listed international oil & gas production company focused on pursuing African development opportunities, announces that it is in the process of obtaining final approval from the TSX Venture Exchange ("TSX-V") to complete its voluntary delisting (the "Delisting").

Zenith has provided initial notice of the Delisting and its rationale for this decision in a press release dated April 22, 2020.

It is expected that the common shares of the Company (the "Shares") will be delisted from the TSXV at the close of trading on May 29, 2020 with the Shares continuing to trade on Main Market of the London Stock Exchange (the "LSE") and the Merkur Market of the Oslo Stock Exchange (the "Merkur Market").

Implications of the delisting for shareholders on the Canadian register

Shareholders of the Company (the "Shareholders") currently hold Shares in physical certificated form or through the Canadian Depositary for Securities ("CDS"). Following the Delisting, Shareholders wishing to have depository interests ("DIs") in respect of their holdings in order to trade their Shares on the LSE will require that such shares are made eligible to be transferred and settled though CREST, the United Kingdom based share transfer and settlement system. Shares cannot be transferred and settled through CREST until a Shareholder's CDS Participant broker or the Shareholder, if the Shares are held in certificated form, as applicable, validly instructs Computershare Trust Company of Canada ("Computershare") to arrange for the Shares to be held by a CREST participant broker/nominee.

CDS participants or those with Shares held by a broker within CDS, who wish to have DIs issued in respect of their holdings, should arrange for the CDS participant or broker to complete and submit a Computershare xSettle Electronic Instruction or a "Register Removal Request - CDS Withdrawals to UK Depositary Interests" form to Computershare for the issue of DIs to their broker/nominee in CREST. Shareholders who hold their Shares through a Canadian broker are encouraged to contact their broker to arrange for this to happen.

Registered shareholders with Shares held in certificated form who wish to have DIs issued in respect of their holdings, will need to open an account with a CREST broker/nominee and complete a "Register Removal Request - Canadian Certificate to UK Depositary Interests" form and submit it to Computershare together with the original Canadian share certificate(s). Alternatively, Canadian share certificates can be submitted to the CREST broker/nominee for them to arrange the issuance and deposit of the DIs into CREST.

These forms are available from:https://www-us.computershare.com/Investor/help/PrintableFormsand may be submitted to Computershare via email atglobaltransactionteam@computershare.com.

For any questions on this process please contact Computershare by phone at 1-800-564-6253. The Company intends to maintain CDS eligibility for its shares to allow Shareholders time to complete the process contemplated above.

Until the transfer of Shares is effected, Shareholders on the Company's Canadian register and beneficial shareholders holding their securities through a CDS participant broker will not be able to trade their holdings on the LSE and their Shares will remain on the Canadian Share register.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Copyright (c) 2020 TheNewswire - All rights reserved.

Copyright (c) 2020 TheNewswire - All rights reserved., source Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
ZENITH ENERGY LIMITED 3.16% 0.98 End-of-day quote.53.13%
ZENITH ENERGY LTD. 0.00% 0.01 Delayed Quote.-71.43%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ZENITH ENERGY LTD.
05/29ZENITH ENERGY LTD : ., - Delisting from TSX-V
AQ
05/22ZENITH ENERGY LTD : . Delisting from the TSX-V
AQ
04/30ZENITH ENERGY : IIROC Trading Resumption - ZEE
AQ
04/30ZENITH ENERGY : IIROC Trading Halt - ZEE
AQ
04/30ZENITH ENERGY : Financing of up to Cad$900,000 by Private Placement
AQ
04/17ZENITH ENERGY : Acquisition of Tilapia for GBP200,000
AQ
04/03ZENITH ENERGY : IIROC Trading Resumption - ZEE
AQ
04/03ZENITH ENERGY : IIROC Trading Halt - ZEE
AQ
04/03ZENITH ENERGY : Financing of up to CAD$921,000 by private placement
AQ
03/10ZENITH ENERGY : Director/PDMR Shareholding
PU
More news
Financials
Sales 2019 6,57 M 4,83 M 4,83 M
Net income 2019 -9,76 M -7,18 M -7,18 M
Net Debt 2019 9,09 M 6,69 M 6,69 M
P/E ratio 2019 -1,28x
Yield 2019 -
Capitalization 7,08 M 5,19 M 5,20 M
EV / Sales 2018 4,41x
EV / Sales 2019 3,57x
Nbr of Employees 207
Free-Float 83,3%
Chart ZENITH ENERGY LTD.
Duration : Period :
Zenith Energy Ltd. Technical Analysis Chart | ZEE | CA98936C1068 | MarketScreener
Income Statement Evolution
Managers
NameTitle
Andrea Cattaneo President, Chief Executive Officer & Director
José Ramón López-Portillo Chairman
Luca Benedetto Chief Financial Officer
Luigi Regis Milano Executive Director
Dario Ezio Sodero Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ZENITH ENERGY LTD.-71.43%5
CNOOC LIMITED-30.32%49 704
CONOCOPHILLIPS-35.14%45 235
EOG RESOURCES, INC.-39.15%29 667
CANADIAN NATURAL RESOURCES LIMITED-40.12%21 512
PIONEER NATURAL RESOURCES COMPANY-39.49%15 101