Jadestone Energy plc (“Jadestone UK“) and Jadestone Energy Inc. (“Jadestone Canada“) 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.