Potential Transaction Extension Update

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





 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDBDBDBIGGDGGD
UK 100

Latest directors dealings