Share Issuance under ATM Facility & TVR
Zenith Energy Ltd. has announced the issuance of 14,781,689 Common Shares at an average price of approximately £0.04 per share, raising approximately £590,000 under its At-The-Market Facility. These proceeds will fund the Company's solar power development strategy. Additionally, 100,000 Common Shares were issued under a Norwegian financing agreement. Following these issuances and expected admission on or before September 14, 2026, the Company will have 779,538,146 Common Shares in issue, with no shares held in treasury, resulting in a total of 779,538,146 voting rights.
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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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.