Member Info for wizard125

Jiffy

What you don't seem to notice is that on Kiran it does not state (on admission) it is hard to say if this is significant or not.

Maybe it is an admin error but it does state this for all other directors in the new company even though the are directors of the currant company.

It is always possible to change Nicholas Mardon-Taylor - Non-Executive Director (on admission) role at a later date.

we will have to wait & see.

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

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11.93% of AIM securities are currently not in public hands.

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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

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None.

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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

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Allen Howard - Non-Executive Chairman (on admission)

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Stephen Sanderson - CEO (on admission)

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Kiran Mozaria - Finance Director

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Nicholas Mardon-Taylor - Non-Executive Director (on admission)

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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

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Shareholder

% Shareholding

HARGREAVES LANSDOWN (NOMINEES) LIMITED

11.83%

INTERACTIVE INVESTOR SERVICES NOMINEES LIMITED

9.55%

BARCLAYS DIRECT INVESTING NOMINEES LIMITED

8.64%

HARGREAVES LANSDOWN (NOMINEES) LIMITED

7.14%

INTERACTIVE INVESTOR SERVICES NOMINEES LIMITED

6.71%

HARGREAVES LANSDOWN (NOMINEES) LIMITED

6.09%

HSDL NOMINEES LIMITED

5.70%

HSDL NOMINEES LIMITED

5.69%

HSBC CLIENT HOLDINGS NOMINEE (UK) LIMITED

4.08%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

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N/A

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(i)Â Â Â Â Â Â Â Â ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)Â Â Â Â Â Â Â DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii)Â Â Â Â Â Â DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

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i)Â Â Â Â Â Â Â Â Â 30 September

ii)Â Â Â Â Â Â Â Â 30 September 2017 and 31 March 2018

iii)        30 September 2018, 31 March 2019, 30 September 2019

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EXPECTED ADMISSION DATE:

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Late July

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NAME AND ADDRESS OF NOMINATED ADVISER:

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WH Ireland Limited

24 Martin Lane

London

EC4R 0DR

United Kingdom

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NAME AND ADDRESS OF BROKER:

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Joint Brokers:

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WH Ireland Limited

24 Martin Lane

London

EC4R 0DR

United Kingdom

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and

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Cenkos Securities plc

6 7 8 Tokenhouse Yard

London

EC2R 7AS

United Kingdom

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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

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The Admission Document containing full details about the Company and the admission of its securities will be available at:

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Website: http://www.ukogplc.com/index.php

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Jiffy

I will but he is currently named as finance director of the currant company but but it does not state on admission to the new company as it does for all other directors in this RNS here.

Jiffy RNS of 12.7.2018

Thu, 12th Jul 2018 16:00
RNS Number : 5049U
AIM
12 July 2018
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ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

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UK Oil & Gas Investments PLC (to be renamed UK Oil & Gas PLC on admission)

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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

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8th Floor, Broadgate Tower, 20 Primrose Street, London, EC2A 2EW, United Kingdom

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COUNTRY OF INCORPORATION:

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United Kingdom

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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

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http://www.ukogplc.com/

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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). Â IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

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The Company is admitted to trading on AIM and has a portfolio of direct and indirect investments in 8 UK onshore exploration, appraisal, development and production assets. These assets cover 928 sq km in the Weald and Purbeck-Wight basins of Southern England. The Company is generating investment cash from its interest in producing oil field in the region: Horndean, as well as having an interest in the development of its flagship investments in the Broadford Bridge and Horse Hill projects. UKOG is also looking at the advancement of its interests in Markwells Wood, Holmwood and the Arreton onshore Isle of Wight licence areas.

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UKOG is classified as an Investing Company under the AIM Rules and is therefore subject to the procedures within the Note for Investing Companies subsection of the AIM Rules. The Company is seeking to admit its shares to AIM as an Operating Company upon approval from a shareholder vote following publication of an Admission Document.

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Following approval for and the change of status to an operating company, the Company would be allowed to take direct controlling interests in oil and gas assets and become the operator of such assets. Upon Admission as an operating company, the AIM note for investing companies will no longer apply to UKOG.

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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

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Admission of 5,207,240,526 ordinary shares to AIM as an operating company.

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There are no shares held in treasury.

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There are no restrictions on the transfer of ordinary securities.

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CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

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No capital will be raised on admission.

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Anticipated market capitalisation is expected to be approximately £120,000,000 on adm

I found that little snippet on about Total on twitter but have also see that he was a finance director for Hurricane.

Reading today's RNS it would appear there is a new Non executive director of Ukog on admission of the new company after the shareholder vote.

Nicholas Mardon Taylor Non executive director on admission of the newly listed company.

Kiran Mozaria our currant finance director is not listed as a director of the new company on admission.

It appears that Nicholas Mardon Taylor was a previous finance director of Total UK.

Does that look as if we may have a new finance director in waiting after the admission of the new company?

Boyzee Ring HL admin line. Give them your postcode, Answer name & address security etc. They should then be able to email you a secure change of password link and you should be back in minutes if the same as other companies. GL

Djmtrading

It is always possible that UKOG would want to buy tellurian's 35% share I would think it would be in the region of £6 million.

If tellurian would sell it at this stage is another question as it is potentially worth a lot more once the Portland and the K's are proved commercial.

Would shareholders still need to be consulted on a sale if UKOG becomes a operating company?

Maybe these rights will have to be given up to let the Board of Directors make decisions without the need for consultation and needing approval from shareholders.

This is something that should be clarified before a shareholder vote on becoming a operating company as once shareholder rights have gone you will not get them back and be at the mercy of 'silent Steve' and his decisions with no comeback.

I am sure it would suit the BOD and our brokers purpose but may not be what everyone expects or wants.

Unfortunately they have been very slow on shareholder support and increasing shareholder value of late while the fundraising was necessary for HHDL development & UKOG's future plans we as shareholders have been starved of forecasted targets being hit for a while.

I think a lot more information & communication is needed in plain English (Not fancy long winded jargon that nobody really understands) to be able to make this important decision including the integrity of the directors in what will be gained and what will need to be given up by shareholders not just a PR exercise for the executive benefit as they are seeking to take control which may or may not take away shareholder rights.

It would be nice to see at this point the Directors having to put there options into shares to show there belief in the upgrading of the company to its new status and creating value for LTH'S after all the dilution after the last 12 months.

Donotpanic

The profit per barrel is about $50 & rising so even better me thinks.

If ever SS options were not taken and they lapsed. Ss would have lost that part of his salary that was for fitted for having the options. How can this be interpreted as not having skin in the game when he still has to pay a percentage to convert the options to shares?

Sting I feel more secure in the knowledge that SS has options rather than shares that he could sell at any time. My only thought is that if UKOG is to delist & relist as a production company that his options should not be carried over into the new company. He should have to take up his options and carry them through to the new company in shares or they should lapse. This would be a sign to share holders that it is a good deal which has enhanced shareholder value and that the directors support the transformation. I believe this should be made a condition as part of the shareholder's vote to change the company status and would be a sign of success and progression to a higher level.

Double It would certainly make them British petroleum. A takeover by BP would help the economy in more ways than one. It would also make UKOG more interesting to BP with a stake in Angus as it would be from the centre to the edge of the Weald, North & South with with a proven concept.

Unless they issue a RNS we will not know and can all speculate what the £2million is for.

With all the spin around a opportunist purchase could be cash required to be held as the largest partner by the OGA in case one of the partners was not able to meet its commitments.

If the share price fell back to 1 p then they could buy back some shares.

Lej Maybe UKOG is interested in buying the 39,000,000 shares in Angus Tidswell has given up for about £2 million giving them about 10% share of Angus? It would certainly be opportunist.

My thought is a new licence.

With that amount of cash in the bank they could easily take out all partners & the licence of HH.

Are there any terms & conditions put on shares in a placement or can they be held or sold at will?

argus1 That was the poi t I made in my post last night.