Curzon Energy PLC Potential Transaction Extension Update (9634D)
02 Novembre 2020 - 1:10PM
UK Regulatory
TIDMCZN
RNS Number : 9634D
Curzon Energy PLC
02 November 2020
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
02 November 2020
Curzon Energy Plc
("Curzon" or the "Company")
Potential Transaction Extension Update
Curzon Energy plc (LON:CZN) the London Stock Exchange listed oil
and gas company, announces a further update regarding a potential
transaction details of which were first announced on 18 March 2020,
1 July 2020 and more recently updated on 12 August 2020.
The period of exclusivity granted to Sun Seven Stars Investment
Group ("SSSIG") referred to in 12 August 2020 announcement has
expired. However, the Company remains in discussions with SSSIG
regarding a potential extension of the exclusivity period with a
view to a transaction, the terms of which have yet to be agreed
with SSSIG.
While the parties continue to work constructively towards
renewing exclusivity and a potential transaction, there can be no
certainty around the length of time required to reach definitive
agreement or the likelihood of concluding a successful
transaction.
The Company will continue to update the markets on progress as
appropriate.
For further information please
contact:
Curzon Energy Plc +44 (0) 20 7747 9980
Scott Kaintz
www.curzonenergy.com
SP Angel Corporate Finance LLP +44 (0) 20 3470 0470
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