Thorney Opportunities : Change in substantial holding for ZEN

THORNEY OPPORTUNITIES LTD

ACN 080 167 264

CROSS RELEASE ZEN

29 March 2019

BY ASX ONLINE - 3 pages

Manager Company Announcements

ASX Limited

Level 10

20 Bond Street

SYDNEY 2000

Dear Sir/Madam,

Change of interests of substantial holder

Zenith Energy Limited [ASX:ZEN]

Following is a Form 604 Notice of change of interests of substantial holder dated 29 March 2019 in accordance with section 671B of the Corporations Act 2001.

Yours sincerely,

CRAIG SMITH ACIS, CPA

Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000

Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To: company name/scheme		ZENITH ENERGY LIMITED
ABN		53 615 812 203
1. Details of substantial holder
Name		THORNEY OPPORTUNITIES LTD
ACN (if applicable)		080 167 264

There was a change in the interests of the substantial holder on	26-Mar-19
The previous notice was given to the company on	25-Jan-19
The previous notice was dated	25-Jan-19

2. Previous and present voting power

The total number of shares votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities	Previous Notice		Present Notice
	Person's votes	Voting power	Person's votes	Voting power
Fully Paid Ordinary Shares	8,649,296	8.83%	6,723,931	6.86%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests of the substantial holder or an associate in voting securities of the company or scheme since the substantial holder was last required to give a substantial holding notice to the company are as follows:

Date of

Person whose relevant

Nature of

Consideration

Class and number of

Person's

Change

interest changed

change

given in

securities affected

votes

relation to

affected

Change

29-Jan-19

Thorney Opportunities

Market prices

528,823 ordinary shares

528,823

Ltd

to

Market sales

TIGA Trading Pty Ltd

28-Mar-19

$nil

1,396,542 ordinary shares

1,396,542

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

	Holder of relevant interest		Registered holder of		Person entitled to be		Class and number of
			securities		registered as holder		securities
	Thorney Opportunities Ltd,
	TIGA Trading Pty Ltd,				Thorney Opportunities	1,860,629
	Thorney Investment Group Australia		UBS Nominees Pty Ltd
					Ltd		ordinary shares
	Pty Ltd,
	Jamahjo Pty Ltd
	TIGA Trading Pty Ltd,					4,863,302
	Thorney Investment Group Australia		UBS Nominees Pty Ltd		Tiga Trading
	Pty Ltd,				Pty Ltd		ordinary shares
	Jamahjo Pty Ltd

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name	Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Thorney Opportunities Ltd	Level 39, 55 Collins Street, Melbourne 3000
ACN 080 167 264
Tiga Trading Pty Ltd	Level 39, 55 Collins Street, Melbourne 3000
ACN 118 961 210
Thorney Investment Group Australia Pty Ltd	Level 39, 55 Collins Street, Melbourne 3000
ACN 117 488 892
Jamahjo Pty Ltd	C/- TWF Partners, Level 4, 25 Claremont Street,
ACN 117 488 696	South Yarra, 3141

Signature

Print name	CRAIG SMITH ACIS, CPA	Capacity SECRETARY
Sign here		Date: 29 March 2019