May 7 (Reuters) - Zenith Energy Ltd (ZEN) : REFERS TO SCHEME...

May 7 (Reuters) - Zenith Energy Ltd (ZEN) :

• REFERS TO SCHEME IMPLEMENTATION DEED ON ACQUISITION OF CO BY ELEMENTAL INFRASTRUCTURE BIDCO
• ELEMENTAL REQUESTED ZENITH BOARD TO CONSENT TO ELEMENTAL RELEASING CONFIDENTIAL ZENITH INFORMATION TO APEX CONSORTIUM MEMBERS
• CONSENT TO RELEASE CONFIDENTIAL INFO FOR EXPLORING POSSIBILITY OF APEX CONSORTIUM MEMBERS ENTERING AGREEMENT WITH PEP FUNDS
• ELEMENTAL DOES NOT SEE ANY MATERIAL CHANGES SID TERMS OTHER THAN NEEDED TO ACCOMMODATE REVISED EQUITY STRUCTURE OF ELEMENTAL GROUP
• IBC NOTES THERE IS NO CERTAINTY INVESTIGATIONS BY APEX CONSORTIUM WILL LEAD TO AGREEMENT WITH PEP FUNDS OR REVISED PROPOSAL
• ZENITH SCHEME REMAINS IN PLACE WHILE ELEMENTAL & APEX MEMBERS EVALUATE REVISED PROPOSAL