United Oil & Gas PLC Exercise of Warrants and Total Voting Rights (2737U)
July 29 2022 - 6:11AM
UK Regulatory
TIDMUOG
RNS Number : 2737U
United Oil & Gas PLC
29 July 2022
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil
& Gas
29 July 2022
United Oil and Gas Plc
("United" "the Group" or the "Company")
Exercise of Warrants and Total Voting Rights
United Oil & Gas Plc (AIM: "UOG"), announces that it has
received two notices of exercise of warrants to subscribe for a
total of 11,550,00 new ordinary shares of GBP0.01 each in the share
capital of the Company (the 'Warrant Shares') at a price of
GBP0.0142857 pence per share, pursuant to the warrant instruments
granted on 31 July 2017. Accordingly, the Company has issued the
Warrant Shares to the warrant holders, conditional on Admission,
for an aggregate cash consideration of GBP165,000.
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
on or around the 4(th) August 2022.
Total Voting Rights
Following the issue of the Warrant Shares, the total issued
share capital of the Company will consist of 656,353,969 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 656,353,969 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.
ENDS
This announcement contains inside information for the purposes
of Article 7 of Regulation 2014/596/EU which is part of domestic UK
law pursuant to the Market Abuse (Amendment) (EU Exit) regulations
(SI 2019/310).
Enquiries
United Oil & Gas Plc (Company)
Brian Larkin, CEO brian.larkin@uogplc.com
Sharan Dhami, Head of IR sharan.dhami@uogplc.com
& ESG
Beaumont Cornish Limited
(Nominated Adviser)
Roland Cornish | Felicity
Geidt +44 (0) 20 7628 3396
Tennyson Securities (Joint
Broker)
Peter Krens +44 (0) 020 7186 9030
Optiva Securities Limited
(Joint Broker)
Christian Dennis +44 (0) 20 3137 1902
Camarco (Financial PR)
Georgia Edmonds | James +44 (0) 20 3757 4983 |
Crothers uog@camarco.co.uk
Notes to Editors
United Oil & Gas is a high growth oil and gas company with a
portfolio of low-risk, cash generative production, development,
appraisal and exploration assets across Egypt, UK and a high impact
exploration licence in Jamaica.
The business is led by an experienced management team with a
strong track record of growing full cycle businesses, partnered
with established industry players and 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 www.uogplc.com
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END
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