REG - Curzon Energy plc - Corporate Update

Curzon EnergyAnnouncement

03/06/2024 12:00

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RNS Number : 8798Q  Curzon Energy PLC  03 June 2024

3 June 2024

Curzon Energy Plc

("Curzon" or the "Company")

Corporate Update

Further to the announcement on 1 May 2024, regarding the proposed
restructuring, the Company was able to reach an agreement with all but one of
the Company's major creditors and therefore, will not be able to proceed with
the current proposal as the proposal required all major creditors to agree.

Accordingly, the Company announces that Antony Batty of Antony Batty &
Company LLP ("Antony Batty" or the "Practitioner") has been appointed to
assist the Board in a Company Voluntary Arrangement (the "CVA").

Antony Batty is now evaluating the Company's position to achieve the best
possible recovery for the Company's creditors. Discussions between the
Practitioner, the Directors and key stakeholders are underway, and the
Directors of Curzon will continue to look for ways to extract value and seek
out options for the future of the Company.

In the event that the CVA is not approved by either shareholders or creditors,
the Company will be put into liquidation.

For further information please contact:

 

Curzon Energy Plc

Scott Kaintz

Development@curzonenergy.com

 

Peterhouse Capital Limited (Corporate Broker)

020 7496 0936 / 020 7220 9797

 

www.curzonenergy.com

 

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