Client NewsCurzon 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 and further amended on 23 February 2022, Poseidon Enhanced Technologies (“PET”) has informed the Company of a further extension of the existing exclusivity period through 1 April 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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