UK Oil & Gas Inv PLC - Loan Conversion
("UKOG" or the "Company")
The Company has, therefore, today allotted 80,076,874 new ordinary shares to the Investors ("Investor Shares"). The Investor Shares will rank pari passu in all respects with the existing ordinary shares.
Application will be made for these New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around
Following Admission, the Company's enlarged issued share capital will comprise 4,584,266,353 ordinary shares. The Company does not hold any shares in treasury. This figure of 4,584,266,353 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the
The terms of the Loan, as stated by the Company on
i. shall hold any net short position with respect to the equity of UKOG and
ii. can trade more than 15 % of the number of UKOG shares that have traded in a trading day.
The Loan is convertible in tranches of not less than
For further information, please contact:
WH Ireland (Nominated Adviser and Broker)
Joe Nally / Neil McDonald Tel: 0207 397 8919
Brian Alexander / David Bick Tel: 01483 243450
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS, the news service of the
Quick facts: UK Oil & Gas PLC
Market Cap: £22.49 m
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