LONDON (Alliance News) - JKX Oil & Gas PLC on Tuesday said it has entered into a deal with the trustee of its employee benefit trust under which the trust will subscribe to JKX shares for the next twelve months at a market-based price.
JKX said the purpose of the placing will be to provide more liquidity to the company.
Shares in JKX were down 3% to 29.82 pence on Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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