REG - United Oil & Gas PLC - Further re Issue of Equity and TVR

United Oil & GasAnnouncement

06/02/2025 07:00

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RNS Number : 0690W  United Oil & Gas PLC  06 February 2025

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

 

6 February 2025

United Oil & Gas plc

("United" or "the Company")

 

Further re Issue of Equity and TVR

 

Further to the "Final Settlement of Legacy Liability and TVR" RNS published on
27(th) January 2025, 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 confirms that application has been made to the London Stock
Exchange for the 59,523,810 new ordinary shares of £0.00001 each (the
"Settlement Shares"), which when issued will rank pari passu with the existing
ordinary shares in issue, to be admitted to trading on AIM (the "Admission").
It is expected that Admission will become effective and that trading in the
Settlement Shares will commence at 8.00 a.m. on 11 February 2025.

 

Following the issue and allotment of the Settlement Shares, the Company's
total issued share capital will consist of 1,915,877,779 ordinary shares with
voting rights. The Company does not hold any ordinary shares in treasury.

Accordingly, as from Admission the total number of voting rights in the
Company will be 1,915,877,779 and this figure may be used by shareholders in
the Company 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 Financial Conduct Authority'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

 Optiva Securities Limited (Joint Broker)
 Christian Dennis                                       +44 (0) 20 3137 1902

 Shard Capital Limited (Joint Broker)                   +44 (0) 207 186 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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