United Oil & Gas PLC Suspension of Trading & Conditional Acquisition (3439G)
July 23 2019 - 2:01AM
UK Regulatory
TIDMUOG
RNS Number : 3439G
United Oil & Gas PLC
23 July 2019
23(rd) July 2019
United Oil & Gas PLC
("United" or the "Company")
Suspension of trading on AIM
and Conditional Acquisition
Further to the conditional acquisition of Rockhopper Egypt Pty
Limited ("Rockhopper Egypt") RNS announced this morning, United Oil
& Gas PLC (AIM: "UOG"), the AIM traded oil and gas exploration
and development company, announces that by virtue of its size, the
proposed acquisition of Rockhopper Eqypt ("Acquisition") would
constitute a reverse takeover under AIM Rule 14. Accordingly, the
Company's Ordinary Shares will be suspended from trading on AIM
with effect from 07:30am today, pending publication of an AIM
admission document and circular to shareholders to approve the
Acquisition.
Further announcements will be made, as appropriate, in due
course.
Proposed Fundraise
The Directors intend to undertake an equity fundraise in
connection with the Acquisition. The proceeds of the proposed
fundraise will be used to fund the Acquisition, support the
enlarged Group's business plan and for general working capital.
Further details will be announced in due course.
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
Enquiries:
United Oil & Gas Plc (Company)
Brian Larkin, CEO brian.larkin@uogplc.com
Beaumont Cornish Limited (Nominated
Adviser)
Roland Cornish and Felicity Geidt +44 (0) 20 7628 3396
Optiva Securities Limited (Broker)
Christian Dennis +44 (0) 20 3137 1902
Murray (PR Advisor) +353 (0) 87 6909735
Joe Heron jheron@murrayconsultants.ie
St Brides Partners (Financial PR/IR)
Frank Buhagiar and Juliet Earl +44 (0) 207 236 1177
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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