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Curzon Energy Plc: Exclusivity Extension
Home / Client News / Curzon Energy Plc: Exclusivity Extension

Curzon Energy Plc (LON:CZN), the London Stock Exchange listed company, announces that under the terms of the LOI initially announced on 3 February 2021, Poseidon Enhanced Technologies (“PET”) has informed the Company of a further extension of the existing exclusivity period through 1 November 2021. 

The Company continues in a period during which each party is conducting due diligence on the other, with significant progress made over recent months.  The parties continue to diligently work towards the execution and delivery of a definitive purchase agreement, contemplating a reverse takeover of Curzon by PET (“RTO”), which will be conditional upon receipt of the required regulatory approvals from the FCA and its primary market functions, among other matters. 

A potential transaction, if completed, would constitute a reverse takeover under the Listing Rules.  The Company will continue to update the market on progress as appropriate.

https://www.londonstockexchange.com/news-article/CZN/exclusivity-extension/15153902

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