REG - United Oil & Gas PLC - Blocklisting update, PDMR dealings and TVR

United Oil & GasAnnouncement

29/04/2026 07:00

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RNS Number : 2726C  United Oil & Gas PLC  29 April 2026

  United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

 

29 April 2026

 

United Oil & Gas PLC

("United" or "the Company")

 

Blocklisting Update, PDMR Dealings and TVR

 

United Oil & Gas plc (AIM: UOG), the oil and gas company with a
high-impact exploration asset in Jamaica and a development asset in the UK,
provides the following update in accordance with Schedule Six of the AIM Rules
for Companies regarding its existing block listing arrangements.

 

 

 Name of company                                                                 United Oil & Gas PLC
 Name of scheme                                                                   April 26 Warrants
 Period of return (from/ to)                                                     26 February 2026 to 24 April 2026
 Number and Class of Securities not issued at the start of the period under the  330,000,000 Ordinary Shares of £0.00001 each ("Ordinary Shares")
 scheme
 Number of securities issued under the scheme during the period                  320,166,666 Ordinary Shares
 Balance under the scheme of securities not yet issued at the end of the period   N/A - the scheme expired on 24 April 2026*
 Number and class of securities originally admitted and the date of admission    619,153,969 on 28 February 2020

*It should be noted that there was a typographical error in the Blocklisting
Application announcement published on 20 February 2026
(https://www.londonstockexchange.com/news-article/UOG/blocklisting-application/17471127)
The expiry date of the April 26 Warrants is 24 April 2026 (not 23 April 2026
as stated).

 

The blocklisting scheme covered warrants issued in January 2025 and March
2024, with exercise prices of 0.15p and 0.28p per Ordinary Share respectively,
all of which expired on 24 April 2026 and thus are no longer exercisable.
Prior to expiry, the Company received valid notices to exercise:

 

·      316,000,000 at 0.15p warrants, resulting in the issue of
316,000,000 new ordinary shares and gross proceeds of £474,000; and

·      4,166,666 0.28p warrants, resulting in the issue of 4,166,666 new
ordinary shares and gross proceeds of £11,667.

 

In aggregate, the Company has issued 320,166,666 new Ordinary Shares pursuant
to warrant exercises under its blocklisting raising total gross proceeds of
approximately £485,667.

 

 

 

 

Director dealings

 

Iman Hill, the Non-Executive Director of United, exercised 833,333 of her
£0.0028 warrants on Friday 24 April 2026. Following, the exercise of the
warrants, Iman Hill's shareholding in the Company is 3,333,333 Ordinary Shares
representing 0.076% of the Company's issued share capital.

 

Total Voting Rights

 

Following the warrant exercises under the blocklisting scheme, the Company's
issued share capital now comprises 4,386,021,868 ordinary shares with voting
rights. Therefore, the total number of voting rights in the Company is
4,386,021,868. This figure may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
FCA's Disclosure Guidance and Transparency Rules.

 

 

 

**ENDS**

 Enquiries
 United Oil & Gas PLC (Company)
 Brian Larkin, CEO                                      brian.larkin@uogplc.com

 Beaumont Cornish Limited (Nominated Adviser)
 Roland Cornish | Felicity Geidt | Asia Szusciak        +44 (0) 20 7628 3396

 Tennyson Securities (Joint Broker)
 Peter Krens                                            +44 (0) 20 7186 9030

 Shard Capital Limited (Joint Broker)                   +44 (0) 20 7186 9900

 Damon Heath | Isabella Pierre

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

 

Notes to Editors

United Oil & Gas is an oil and gas company with a development asset in
the UK and a high impact exploration licence in Jamaica.

 

The business is led by an experienced management team with a strong track
record of growing full cycle businesses, partnered with established industry
players and is well positioned to deliver future growth through portfolio
optimisation and targeted acquisitions.

United Oil & Gas is listed on the AIM market of the London Stock
Exchange. For further information on United Oil and Gas please
visit www.uogplc.com (http://www.uogplc.com)

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