Zephyr Energy PLC (ZPHR.L) Application to cross trade on the U.S. OTCQB

Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, is pleased to announce that it is filing an application with the OTC Markets Group for the Company’s Ordinary shares to be publicly cross-traded on the OTCQB Market (“OTCQB”) based in the United States (“U.S.”).

The OTCQB, also called “The Venture Market,” was created in 2010 and is recognised as an Established Public Market by the U.S. Securities and Exchange Commission (the “SEC”). The OTCQB is a leading market for U.S. and international companies in the entrepreneurial and development stage. As a verified market with efficient access to U.S. investors, OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving a fair valuation.

The Company believes that having its Ordinary Shares traded on the OTCQB will provide enhanced investor benefits, including easier trading access for investors located in the U.S., and greater liquidity due to a broader geographic pool of potential investors. A market maker will be appointed in the U.S. to support the trading on the OTCQB.

The process to enlist on the OTCQB is expected to take approximately 6 weeks, and trading on the market will have no impact on Zephyr’s existing Ordinary shares which will continue to trade on the AIM Market of the London Stock Exchange, and no new Ordinary Shares will be issued as part of the cross trade on the OTCQB. Zephyr will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements in connection with the proposed cross-trading on the OTCQB.

To qualify for the OTCQB, Zephyr will demonstrate that it meets high financial standards, follows best practice corporate governance and that it complies with applicable securities laws.

Colin Harrington, Chief Executive of Zephyr, said: “We believe dual trading on the OTC and AIM Markets represents another important step for the Zephyr corporate platform. Dual trading, combined with our recent pledge to achieve carbon neutrality across our operational footprint, will serve to diversify the share register and increase exposure to a broader range of investors, whether U.S.-based or ESG-focused. This action comes on the back of an already increased level of interest from U.S. investors as a result of the recent expansion of our operational footprint in the U.S.

“Over the last 18 months, we’ve worked hard to complete Zephyr’s corporate transformation, and following our admission to trade on the OTCQB, I believe our Company platform will now be optimally structured to benefit from the considerable operational activity planned for the coming months.”

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