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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 February 2022. 

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.


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