United Oil & Gas PLC Exercise of Warrants and Total Voting Rights (5308U)
July 30 2020 - 2:00AM
UK Regulatory
TIDMUOG
RNS Number : 5308U
United Oil & Gas PLC
30 July 2020
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil
& Gas
30 July 2020
United Oil & Gas PLC
("United" or the "Company")
Exercise of Warrants and Total Voting Rights
United Oil and Gas Plc ("United" or the "Company"), the high
growth oil and gas company with a portfolio of production,
development, exploration and appraisal assets, announces that it
has received from Optiva Securities Ltd. a notice of exercise of
warrants to subscribe for 6,000,000 new ordinary shares of GBP0.01
each in the share capital of the Company (the 'Warrant Shares') at
a price of GBP0.025 per share, which were granted on 25 July 2017.
Accordingly, the Company has issued the Warrant Shares to the
warrant holder, conditional on Admission, for an aggregate cash
consideration of GBP150,000.
Application has been made for the Warrant Shares to be admitted
to trading on the AIM market of the London Stock Exchange
('Admission'). The Warrant Shares will rank pari passu in all
respects with the existing issued ordinary shares of GBP0.01 pence
each in the capital of the Company. Admission is expected to occur
at 8.00am on 5(th) August 2020.
Total Voting Rights
Following the issue of the Warrant Shares, the total issued
share capital of the Company will consist of 625,153,968 ordinary
shares of GBP0.01 pence each carrying the right to one vote. There
are no shares currently held in treasury. The total number of
voting rights in the Company will therefore be 625,153,968 and this
figure may be used by shareholders as the denominator for the
calculations by which they determine if they are required to notify
their interest in, or a change to their interest in, the Company
under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
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 (Joint Broker)
Christian Dennis +44 (0) 20 3137 1902
Cenkos Securities Plc (Joint Broker)
Joe Nally (Corporate Broking) +44 (0) 20 7397 8900
Derrick Lee and Pete Lynch +44 (0) 131 220 6939
Murray (PR Advisor) +353 (0) 87 6909735
Joe Heron jheron@murrayconsultants.ie
Camarco (Financial PR/IR)
Billy Clegg +44 (0) 20 3757 4983
Georgia Edmonds uog@camarco.co.uk
James Crothers
Notes to Editors
United Oil & Gas is a high growth oil and gas company with a
portfolio of low-risk, cash generative production and development
assets across Egypt, UK, Italy and a high impact exploration
licence in Jamaica.
Led by an experienced management team with a strong track record
of growing full cycle businesses and partnered with established
industry players, the Company is well positioned to deliver future
growth through portfolio optimisation and targeted
acquisitions.
United Oil & Gas is listed on the AIM market of the London
Stock Exchange. For further information on United Oil and Gas
please visit https://www.uogplc.com/
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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