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  5. UKOG shareholders approve share consolidation on ten-to-one ratio

Pin to quick picksUk Oil & Gas Share News (UKOG)

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Share Price Information for Uk Oil & Gas (UKOG)

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Share Price: 0.0285
Bid: 0.027
Ask: 0.03
Change: 0.001 (3.64%)
Spread: 0.003 (11.111%)
Open: 0.0275
High: 0.0285
Low: 0.0275
Prev. Close: 0.0275
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UKOG shareholders approve share consolidation on ten-to-one ratio

Wed, 06th Mar 2024 10:53

(Alliance News) - UK Oil & Gas PLC shareholders approved a share consolidation on Tuesday at its reconvened general meeting.

The London-based exploration and production company, which focuses on projects in the UK and Turkey, said all resolutions were passed, including one to consolidate 32.5 million shares in a 10:1 ratio to 3.3 million shares.

This is alongside consolidating a similar amount of B shares at the same ratio.

Earlier in February, the general meeting was reconvened as a result of shareholders' questions, prompting UKOG to take further advice in relation to its capital reorganisation and the associated resolutions proposed.

UKOG shares were quoted at 0.063 pence each in London on Wednesday morning. On a consolidated basis, this is down 6.5% from a would-be 0.07p each at the close on Tuesday.

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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UKOG gets two-year planning extension to Broadford Bridge discovery

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IN BRIEF: UK Oil & Gas rises on West Sussex Broadford Bridge approval

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IN BRIEF: UK Oil & Gas wins approval to convert HH-2z into water well

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - North Sea Transition Authority grants formal consent for the re-completion of Horse Hill-2z into a water reinjection well.

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UKOG gets consent to recomplete Horse Hill-2z well

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13 May 2022 15:42

UKOG gets one-year extension to Horse Hill work programme

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13 May 2022 13:51

IN BRIEF: UK Oil & Gas and Alba get extension for work at Horse Hill

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