UK Oil & Gas PLC Equity Share Issue and Reduction in Loan Balance (2722Z)
2024年1月10日 - 8:39PM
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RNS Number : 2722Z
UK Oil & Gas PLC
10 January 2024
UK Oil & Gas PLC
("UKOG" or the "Company")
Equity Share Issue and Reduction in Loan Balance
UK Oil & Gas PLC (London AIM: UKOG) announces that as part
of the previously announced funding facility of 28 June 2023
("Loan") and the 3 November 2023 update, it has delivered to
RiverFort Global Opportunities PCC Limited and YA II PN Ltd
("Investors") a third tranche of ordinary shares ("Equity Shares")
in relation to the first cash sum received of GBP2 million gross.
The first three tranches of Equity shares have now been converted
at the Investors' discretion to repay the Loan, the balance of
which now stands at approximately GBP0.8 million.
The Investors converted the Loan's second tranche of
1,424,487,652 shares at an average price of 0.025 pence per share.
The third tranche of 1,087,649,954 shares being converted at an
average of 0.022 pence per share. The conversion price in both
cases was made at the Variable Price, being equivalent to 100% of
the Company's lowest daily volume weighted average price ("VWAP")
in the 15 trading days preceding the conversion date or the date
the Equity Shares are applied to discharge the Loan.
The Investors' share transactions remain subject to the orderly
market, no short position and Investors voting in favour of the
Company obligations as previously announced on 28 June 2023.
Admission
Application has been made for the third tranche of Equity
Shares, numbering 1,087,649,954 ordinary shares in total, to be
admitted to trading on AIM ("Admission"). Admission is expected to
take place at 8.00 a.m. on or around 16 January 2024.
Following Admission, the total voting rights in the Company will
be 24,908,513,710 ordinary shares and Shareholders may use this
figure as the denominator by which they are required to notify
their interest in, or change to their interest in, the Company
under the FCA's Disclosure, Guidance and Transparency Rules.
For further information, please contact:
UK Oil & Gas plc
Stephen Sanderson / Allen D Howard/ Guzyal Mukhametzhanova Tel:
01483 941493
WH Ireland Ltd (Nominated Adviser and Broker)
James Joyce / Andrew de Andrade/James Bavister Tel: 020 7220
1666
Communications
Brian Alexander
Tel: 01483 941493
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014 , as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018. Upon
publication of this announcement, this information is now
considered to be in the public domain.
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END
IOEFLFVLLRIILIS
(END) Dow Jones Newswires
January 10, 2024 06:39 ET (11:39 GMT)
Uk Oil & Gas (LSE:UKOG)
過去 株価チャート
から 4 2024 まで 5 2024
Uk Oil & Gas (LSE:UKOG)
過去 株価チャート
から 5 2023 まで 5 2024