REG - Union Jack Oil PLC - Transaction in Own Shares

Union Jack OilAnnouncement

21/02/2023 07:00

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RNS Number : 4966Q  Union Jack Oil PLC  21 February 2023

  This announcement contains inside information for the purposes of Article
7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

21 February 2023

 

Union Jack Oil plc

("Union Jack" or the "Company")

Transaction in Own Shares

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production,
development and exploration company, is pleased to announce that it has
purchased a total of 50,000 of its ordinary shares of 5 pence each (the
"Shares") through SP Angel Corporate Finance LLP as detailed below.

 

 Date of purchase                              20 February 2023
 Number of Shares purchased                    50,000 Shares
 Highest price paid per Share                  27 pence
 Lowest price paid per Share                   27 pence
 Volume weighted average price paid per Share  27 pence

 

The Company intends to hold the purchased Shares in Treasury.

Including Shares which have been purchased but not yet settled, to date the
Company has purchased 1,675,000 Shares in Treasury.

Following the above purchase, the Company holds 1,675,000 of its Shares in
Treasury and has 112,865,896 Shares in issue (including Shares held in
Treasury).  Therefore, the total voting rights in the Company will be
111,190,896 (excluding Shares held in Treasury).  This number represents the
total voting rights in the Company and may be used by shareholders as the
denominator for the calculations by which they can determine if they are
required to notify their interest in, or a change to their interest in the
Company under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

For further information, please contact

Union Jack Oil plc
 
                     info@unionjackoil.com

David Bramhill

 

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

Nominated Adviser and Joint Broker

Matthew Johnson

Richard Hail

Kasia Brzozowska

 

Shore
Capital
 
                         +44 (0)20 7408 4090

Joint Broker

Toby Gibbs

Iain Sexton

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