May 7 (Reuters) - Zenith Energy Ltd ZEN.AX :
* 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