Jadestone Energy Announces Completion of Re-Domiciliation

Rhea-AI Summary

Jadestone Energy has completed an internal reorganisation, making Jadestone UK the ultimate parent company of Jadestone Canada without changing control or management. As a result, shares of Jadestone Canada ceased trading on the AIM market, while shares of Jadestone UK began trading on AIM today. Jadestone UK has a total of 463,649,477 shares with voting rights. Investors are advised to use this figure when calculating their interest notifications as per the FCA's rules. The company is focused on oil and gas in the Asia Pacific region.

Positive

• Jadestone UK has become the ultimate parent company, which may streamline operations.
• The reorganisation aligns the company's structure for future growth in the Asia Pacific region.

Negative

• None.

Jadestone UK and Jadestone Canada announce completion of the internal reorganisation

SINGAPORE, SINGAPORE / ACCESSWIRE / April 26, 2021 / Jadestone Energy plc ("Jadestone UK") and Jadestone Energy Inc. ("Jadestone Canada") are pleased to announce that they have completed an internal reorganisation under a statutory plan of arrangement (the "Arrangement") pursuant to which Jadestone UK has become the ultimate parent company of Jadestone Canada and its subsidiaries (collectively, the "Company").

The internal reorganisation has not resulted in a change in control in the ultimate holding company of the Jadestone Group and, accordingly, has not resulted in a change in control in the ultimate shareholding in any of the companies or assets of the Jadestone Group. Further, the internal reorganisation has not resulted in a change in the management of any of the Jadestone Group's companies or assets.

As set out in the Arrangement, Jadestone Canada shares have now ceased trading on the AIM market of the London Stock Exchange plc ("AIM"), and Jadestone UK shares have been admitted to trading on AIM as of 08:00 (BST) today.

The total number of shares with voting rights in Jadestone UK is 463,649,477, each of which carries the right to one vote. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Jadestone UK under the FCA's Disclosure Guidance and Transparency Rules.

For ease of reference for investors, please find the relevant identification codes for Jadestone Energy plc shares below (following Admission):

TIDM:	JSE
ISIN:	GB00BLR71299
SEDOL:	BLR7129
LEI:	21380076GWJ8XDYKVQ37

Capitalised terms used in this announcement have the same meaning as the internal reorganisation announcement on 22 March 2021.

For further information, please contact:

Jadestone Energy plc	+65 6324 0359 (Singapore)
Paul Blakeley, President and CEO	+44 7392 940 495 (UK)
Dan Young, CFO	ir@jadestone-energy.com
Robin Martin, Investor Relations Manager
Stifel Nicolaus Europe Limited (Nomad, Joint Broker)	+44 (0) 20 7710 7600 (UK)
Callum Stewart
Jason Grossman
Simon Mensley
Ashton Clanfield
Jefferies International Limited (Joint Broker)	+44 (0) 20 7029 8000 (UK)
Tony White
Will Soutar
Camarco (Public Relations Advisor)	+44 (0) 203 757 4980 (UK)
Billy Clegg	jse@camarco.co.uk
James Crothers

About Jadestone Energy

Jadestone Energy plc is an independent oil and gas company focused on the Asia Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Indonesia, Vietnam and the Philippines.

The Company has a 100% operated working interest in the Stag oilfield and in the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company also has a 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 90% interest in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field.

In addition, the Company has executed a sale and purchase agreement to acquire an operated 69% interest in the Maari Project, shallow water offshore New Zealand, and anticipates completing the transaction in H1 2021, upon receipt of customary approvals.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets in the Asia Pacific region.

Jadestone Energy plc is listed on the AIM market of the London Stock Exchange. The Company is headquartered in Singapore. For further information on Jadestone please visit www.jadestone-energy.com.

This announcement does not contain inside information.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visitwww.rns.com.

SOURCE: Jadestone Energy Inc.

View source version on accesswire.com:
https://www.accesswire.com/642146/Jadestone-Energy-Announces-Completion-of-Re-Domiciliation

FAQ

What is the recent announcement by Jadestone Energy regarding its internal reorganisation?

Jadestone Energy has completed an internal reorganisation, establishing Jadestone UK as the parent company of Jadestone Canada without changing control or management.

What happened to Jadestone Canada shares after the reorganisation?

Shares of Jadestone Canada have ceased trading on the AIM market, while Jadestone UK shares began trading on AIM as of April 26, 2021.

What is the total number of voting shares in Jadestone UK?

Jadestone UK has a total of 463,649,477 shares with voting rights.

How does the reorganisation impact shareholders of Jadestone Energy?

The reorganisation does not change the control or management of the companies involved, and shareholders should use the total voting shares figure for interest notifications.

When did Jadestone UK start trading on the AIM market?

Jadestone UK shares began trading on the AIM market on April 26, 2021.