Jersey Oil and Gas PLC Posting of Circular (5149U)
October 24 2017 - 1:00PM
UK Regulatory
TIDMJOG
RNS Number : 5149U
Jersey Oil and Gas PLC
24 October 2017
This announcement does not constitute a prospectus or offering
memorandum or an offer in respect of any securities and is not
intended to provide the basis for any investment decision in
respect of Jersey Oil and Gas Plc or other evaluation of any
securities of Jersey Oil and Gas Plc or any other entity and should
not be considered as a recommendation that any investor should
subscribe for or purchase any such securities.
24 October 2017
Jersey Oil and Gas plc
("Jersey Oil & Gas", "Jersey" or the "Company")
Posting of Circular
Jersey Oil and Gas (AIM: JOG), an independent upstream oil and
gas company focused on the UK Continental Shelf ("UKCS") region of
the North Sea, is pleased to announce that it has today posted a
Circular to shareholders concerning the Fundraising announced on 20
October 2017 which will be made available on the Company's website
at www.jerseyoilandgas.com.
With regard to the Offer element of the Fundraising, Qualifying
Shareholders will also receive an Application Form enabling them to
apply for, in aggregate, up to 2,000,000 new Ordinary Shares at a
price of 200p per share to raise up to GBP4 million (gross).
Capitalised terms used in this announcement shall have the same
meanings as the definitions in the Company's announcement of 20
October 2017 and in the Circular.
Offer timetable: 2017
Record Date for the Offer Close of business
23 October
Dispatch of the Circular, Application 24 October
Form and Form of Proxy
Latest time and date for receipt 12.00 noon on
of completed Forms of Proxy and 7 November
receipt of electronic proxy appointments
via the CREST system for the
General Meeting
Latest time for receipt of applications 1.00 p.m. on 8
under the Offer and payment in November
full by cheque under the Offer
General Meeting 12.00 noon on
9 November
Announcement of results of General 9 November
Meeting and Offer
Admission and commencement of 8.00 a.m. on 10
dealings in the New Ordinary November
Shares on AIM
CREST accounts expected to be 8.00 a.m. on 10
credited for the Placing Shares November
Final date for Crest accounts by 17 November
to be credited for the Offer
Shares and for posting of certificates
for the New Ordinary Shares in
certificated form(if applicable)
Each of the times and dates above refer to London time and are
subject to change by the Company and/or the Joint Brokers. Any such
change will be notified to Shareholders by an announcement on a
Regulatory Information Service. The Circular will contain further
details of the expected timetable for the Placing, the Offer, the
General Meeting and Admission.
Enquiries:
Jersey Oil and Andrew Benitz, C/o Camarco:
Gas plc CEO Tel: 020 3757 4983
Strand Hanson Limited James Harris Tel: 020 7409 3494
Matthew Chandler
James Bellman
Arden Partners Chris Hardie Tel: 020 7614 5900
plc Benjamin Cryer
BMO Capital Markets Neil Haycock Tel: 020 7236 1010
Limited Tom Rider
Camarco Billy Clegg Tel: 020 3757 4983
Georgia Edmonds
James Crothers
Notes to Editors:
Jersey Oil & Gas is a UK E&P Company focused on building
a production focused company in the North Sea. The Company owns an
18 per cent. interest in the P.2170 licence, Blocks 20/5b &
21/1d, Inner Moray Firth. Statoil (U.K.) Limited owns a 70%
interest and CIECO V&C (UK) Limited owns a 12% interest.
The Company plans to build a production portfolio via
acquisitions coinciding with the cyclical recovery in the oil price
and the current opportune buying market in the North Sea. The
Company is involved in multiple sales processes and intends to draw
on its management team's considerable experience, knowledge and
expertise to deliver shareholder value from its stated production
acquisition strategy.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CIREAKELASLXFFF
(END) Dow Jones Newswires
October 24, 2017 13:00 ET (17:00 GMT)
Jersey Oil and Gas (AQSE:JOG.GB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jersey Oil and Gas (AQSE:JOG.GB)
Historical Stock Chart
From Jul 2023 to Jul 2024