Share Issuance under ATM Facility & TVR

Zenith Energy Ltd

08 September 2026

 

8 September 2026

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Share Issuance under ATM Facility

Total Voting Rights

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR), the listed international energy production and development company, is pleased to announce the issue of 14,781,689 Common Shares at an average price of approximately £0.04 per share to raise approximately £590,000 (the "ATM Shares"). The ATM Shares are being issued under the At-The-Market ("ATM") Facility announced on 10 July 2026, full details can be found in that announcement.

The proceeds from the ATM Shares will be used to progress the Company's solar power development strategy, as set out in the announcement of 12 August 2026.

The Company confirms that applications have been made for the ATM Shares, together with 100,000 Common Shares issued under the Financing in Norway announced on 21 July 2026, to be admitted to the Transition Category of the FCA Official List and to trading on the Main Market for listed securities of the London Stock Exchange (together, "Admission"). Admission is expected to take place on or before 14 September 2026.

Following Admission, the Company will have 779,538,146 Common Shares in issue, each carrying one voting right. The Company holds no Common Shares in treasury and, accordingly, the total number of voting rights in the Company will be 779,538,146. This is also the number of Common Shares admitted to trading on Euronext Growth Oslo.

From Admission, shareholders may use this figure as the denominator for the calculations by which they determine whether they are required to notify an interest in, or a change to an interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Further Information:

Zenith Energy Ltd Andrea Cattaneo, Chief Executive Officer

Tel: [phone] E: [e-mail]

Notes to Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in North Africa, the US and Europe. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and on the Spotlight Stock Market in Sweden (XSAT: ZENA SDR).

Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.

For more information, please visit: www.zenithenergy.ca

Twitter: @zenithenergyltd

LinkedIn: https://bit.ly/3A5PRJb

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.

 

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