REG - Union Jack Oil PLC - Notice of General Meeting

Union Jack OilAnnouncement

10/10/2025 07:00

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RNS Number : 8038C  Union Jack Oil PLC  10 October 2025

10 October 2025

 

Union Jack Oil plc

("Union Jack" or the "Company")

Notice of General Meeting

 

Proposed Issue of 40,000,000 Fundraise Warrants and up to 36,641,474 Bonus
Warrants to Subscribe in Aggregate for up to 76,641,474 Ordinary Shares

 

Union Jack Oil plc (AIM: UJO), a UK and USA focused onshore hydrocarbon
production, development and exploration company, announces that following the
withdrawal of the resolution that was to be put to shareholders at a general
meeting on 26 August 2025, the Company has today posted a Circular and notice
of general meeting to shareholders.

 

The General Meeting ("GM") will be held on 30 October 2025 at 11.00 a.m. at
the George White Suite, The Bristol Hotel, Prince Street, Bristol, BS1 4QF.

 

Following shareholder feedback regarding the proposed issue of warrants by the
Company as part of the Fundraise announced on 23 July 2025, the Board has
concluded that it would be in the Company's best interests to offer all
shareholders an opportunity to participate in the Company's future success
through an issue of bonus warrants to all shareholders, on the basis of one
bonus warrant in respect of every four ordinary shares of 5p each in the
capital of the Company ("Ordinary Shares") held by shareholders at 6.00 p.m.
on 3 November 2025 (the "Bonus Warrants"). The proposed issue of Bonus
Warrants will be in addition to the issue of warrants to those shareholders
who participated in the Fundraise ("Fundraise Warrants").

 

At the General Meeting a resolution will be proposed to seek the approval of
shareholders to authorise the Directors to issue the Bonus Warrants to
subscribe for up to 36,641,474 Ordinary Shares and the Fundraise Warrants to
subscribe for up to 40,000,000 Ordinary Shares and to empower the Directors to
disapply pre-emption rights in relation to the allotment of Ordinary Shares in
connection with the issue of both the Bonus and Fundraise Warrants pursuant to
their exercise (the "Resolution").

 

Subject to the passing of the Resolution, the Fundraise Warrants and the Bonus
Warrants will be subject to the same terms, namely each Fundraise Warrant and
each Bonus Warrant will be exercisable at 8 pence for a period of two years
following their issue (which is expected to be 7 November 2025) and will
otherwise be subject to the terms and conditions set out in the Warrant
Instrument.  The Bonus Warrants and the Fundraise Warrants will not be
admitted to trading on AIM.

 

Expected Timetable of Principal Events

 

Each of the times and dates in the below is indicative only and may be subject
to change by the Company, in which event details of the new times and dates
will be notified to shareholders by announcement through a Regulatory
Information Service.

 

 

                                                                         Date

 Date of publication of the Circular                                     10 October 2025

 Announcement of General Meeting and posting of Circular                 10 October 2025

 Latest time and date for receipt of Forms of Proxy for General Meeting  11.00 a.m. on 28 October 2025

 General Meeting date                                                    30 October 2025

 Announcement of result of General Meeting                               30 October 2025

 Record date and time                                                    6.00 p.m. on 3 November 2025

 Existing shares marked 'ex-entitlement' by the London Stock Exchange    4 November 2025

 Issue of warrant certificates                                           by 7 November 2025

 

References to times set out above and in the circular are to Greenwich Mean
Time unless stated otherwise. The timetable above assumes that the Resolution
is passed at the General Meeting without adjournment.

 

Further details on the background to and reasons for the General Meeting will
be set out in the Circular which will also be made available on the Company's
website (www.unionjackoil.com).

 

 

For further information, please contact:

 

 Union Jack Oil plc

 David Bramhill                       info@unionjackoil.com (mailto:info@unionjackoil.com)

 SP Angel Corporate Finance LLP       +44 (0)20 3470 0470

 Nominated Adviser and Joint Broker

 Matthew Johnson

 Richard Hail

 Jen Clarke

 Zeus Capital Limited                 +44 (0)20 3829 5000

 Joint Broker

 Antonio Bossi

 Simon Johnson

 George Duxberry

 Harbour Access                       +1 (475) 477 9402

 USA Investor Relations

 Jonathan Paterson

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