News: ZEN Zenith Energy Updates On Acquisition Of Co By Elemental Infrastructure BidCo

June 1 (Reuters) - Zenith Energy Ltd (ZEN) :

• ENTERED DEED OF AMENDMENT & RESTATEMENT OF SCHEME IMPLEMENTATION DEED FOR ACQUISITION OF CO BY ELEMENTAL INFRASTRUCTURE BIDCO
• DIRECTORS UNANIMOUSLY RECOMMEND REVISED ZENITH SCHEME IN ABSENCE OF A SUPERIOR PROPOSAL
• MAJOR SHAREHOLDER JOINS ELEMENTAL'S PROPOSED REVISED ZENITH SCHEME PRESERVING $1.01 PER ZENITH SHARE IN CASH
• TO CONTINUE TO PURSUE SPECIAL DIVIDEND PAYMENT OF $0.13 PER SHARE AS PREVIOUSLY ANNOUNCED