UK Oil & Gas PLC Loan Balance Reduction via Equity Share Issue (6605A)
2024年1月24日 - 12:48AM
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TIDMUKOG
RNS Number : 6605A
UK Oil & Gas PLC
23 January 2024
UK Oil & Gas PLC
("UKOG" or the "Company")
Loan Balance Reduction via Equity Share Issue
UK Oil & Gas PLC (London AIM: UKOG) announces that to
further reduce the balance of the funding facility announced on 28
June 2023 ("Loan"), it has delivered to RiverFort Global
Opportunities PCC Limited and YA II PN Ltd ("Investors") a fourth
tranche of ordinary shares ("Equity Shares"). Conversion of these
Equity Shares by the Investors now reduces the balance of the GBP2
million gross first cash sum received to approximately GBP0.66
million.
The Loan's fourth tranche of 876,412,394 Equity Shares were
converted at the Variable Price, being an average of 0.0175 pence
per share, 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 fourth tranche of Equity
Shares, numbering 876,412,394 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 29 January 2024.
Following Admission, the total voting rights in the Company will
be 29,534,926,104 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 Tel: 01483 941493
WH Ireland Ltd (Nominated Adviser and Broker)
James Joyce / James Bavister / Andrew de Andrade 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
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January 23, 2024 10:48 ET (15:48 GMT)
Uk Oil & Gas (LSE:UKOG)
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Uk Oil & Gas (LSE:UKOG)
過去 株価チャート
から 5 2023 まで 5 2024