REG - Jersey Oil & Gas PLC - Exercise of Share Options

Jersey Oil and GasAnnouncement

15/12/2023 11:00

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RNS Number : 9962W  Jersey Oil and Gas PLC  15 December 2023

15 December 2023

 

Jersey Oil and Gas plc

("Jersey Oil & Gas", "JOG" or the "Company")

 

Exercise of Share Options

 

Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company
‎focused on the UK Continental Shelf region of the North Sea, announces that
it has received notice of exercise in respect of options to subscribe for, in
aggregate, 111,667 new ordinary shares of 1p each in the capital of the
Company ("Ordinary Shares") (the "Option Shares") for an aggregate
subscription amount of £233,334.  Such options have been exercised by a
number of former employees and were scheduled to expire shortly.

 

Application will be made to the London Stock Exchange for the admission of the
Option Shares to trading on AIM ("Admission").  It is expected that Admission
will become effective and that dealings in the Option Shares will commence at
8.00 a.m. on 20 December 2023.

 

Following Admission, the Company's enlarged share capital will comprise
32,665,960 Ordinary Shares in issue with one voting right per Ordinary Share.
 As the Company does not hold any shares in treasury, shareholders may use
this figure as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or change to their
interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

 

Enquiries:

 Jersey Oil and Gas plc             Andrew Benitz        C/o Camarco: 020 3757 4980

 Strand Hanson Limited              James Harris         Tel: 020 7409 3494

                                    Matthew Chandler

                                    James Bellman

 Zeus Capital Limited               Simon Johnson        Tel: 020 3829 5000

 Cavendish Capital Markets Limited  Neil McDonald        Tel: 020 7220 0500

                                    Leif Powis

 Camarco                            Billy Clegg          Tel: 020 3757 4980

                                    Rebecca Waterworth

- Ends -

 

 

Notes to Editors:

Jersey Oil & Gas is a UK E&P company focused on building an upstream
oil and gas business in the North Sea. The Company currently holds a 50%
interest in each of licences P2498 (Blocks 20/5a, 20/5e and 21/1a) and P2170
(Blocks 20/5b and 21/1d) located in the UK Central North Sea and referred to
as the "Greater Buchan Area".  Licence P2498 contains the Buchan oil field
and J2 oil discovery and licence P2170 contains the Verbier oil discovery.
Following completion of the recently announced farm-out transaction with
Serica Energy (UK) Limited, the Company will retain a 20% interest in each of
the GBA licences.

 

JOG is focused on delivering shareholder value and growth through creative
deal-making, operational success and licensing rounds. Its management is
convinced that opportunity exists within the UK North Sea to deliver on this
strategy and the Company has a solid track-record of tangible success.

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

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