REG - UK Oil & Gas PLC - Results of Retail Offer

UK Oil & GasAnnouncement

08/08/2024 07:00

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RNS Number : 6255Z  UK Oil & Gas PLC  08 August 2024

 

 

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PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE
OF THE EU (WITHDRAWAL) ACT 2018.

 

 

08 August 2024

UK Oil and Gas PLC

("UKOG" or the "Company") 

 

Results of Retail Offer

 

UK Oil and Gas PLC (AIM: UKOG) is pleased to announce that, further to its
announcement of 5(th) August 2024, it has conditionally raised approximately
£248,204 (before expenses) via the conditional issue of 496,408,000 new
ordinary shares of £0.000001 each in the capital of the Company (the "Retail
Offer Shares") at a price of 0.05 pence per share pursuant to its offer to its
existing retail shareholders via CMC CapX (the "Retail Offer").

 

For the avoidance of doubt, the Retail Offer is separate from and does not
form part of the Placing announced on 5(th) August 2024.

 

The issue of the Retail Offer Shares is conditional upon the passing of the
resolutions to be put to shareholders of the Company at a General Meeting, to
be held via a virtual platform on 21(st) August 2024. The Retail Offer and
the Placing are conditional on the Fundraising Shares being admitted to
trading on the AIM market operated by London Stock Exchange plc ("Admission").
Admission is expected to take place at 8.00 a.m. on or around 27(th) August
2024. Completion of the Retail Offer is conditional, inter alia, upon the
completion of the Placing.

 

Admission to trading

 

Application will be made to AIM for Admission, which is expected to become
effective and dealings in the Retail Offer Shares to commence at, 8.00 a.m. on
or around 27(th) August 2024.

Following Admission, the total voting rights in the Company will therefore be
11,140,761,388 and Shareholders will be able to 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 Disclosure Guidance and
Transparency Rules.

 

 

For further information, please contact:

 

UK Oil & Gas Plc

Stephen Sanderson / Guzyal
Mukhametzhanova
                    Tel: 01483 941493

 

Zeus Capital Limited (Nominated Adviser and Broker)

James Joyce / James Bavister / Andrew de Andrade
                                      Tel:  0203 829 5000

 

CMC Markets (Joint Broker)

Douglas Crippen
 
                           Tel:  0203 003 8632

 

Communications

Brian Alexander
 
                              Tel: 01483 941493

 

Retail Offer

CMC CapX
 
 
capx@cmcmarkets.com Tel: 0203 003 8632

 

This announcement should be read in its entirety. In particular, the
information in the "Important Notices" section of the announcement should be
read and understood.

 

Important Notices

 

The contents of this announcement have been prepared by and issued by the
Company and is the sole responsibility of the Company. The Board of Directors
of the Company are responsible for arranging the release of this announcement
on behalf of the Company.

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States.  The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

 

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from Australia, Canada, Japan, the Republic of South Africa, or any
other jurisdiction where to do so might constitute a violation of the relevant
laws or regulations of such jurisdiction.

 

The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

 

CMC CapX is a software and technology platform owned and operated by CMC
Markets UK plc (trading as CMC CapX) (registered address at 133 Houndsditch,
London, EC3A 7BX). CMC Markets UK plc ("CMC") is authorised and regulated in
the United Kingdom by the FCA, is acting exclusively for the Company and for
no-one else and will not regard any other person (whether or not a recipient
of this announcement) as its client in relation to the Retail Offer and will
not be responsible to anyone other than the Company for providing the
protections afforded to its clients, nor for providing advice in connection
with the Retail Offer, Admission and the other arrangements referred to in
this announcement.

 

 

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