Long Stop Date - UKOG Placing?6 Aug 2018 17:52
Anyone have any thoughts on "Long Stop Date" in the placing RNS - I have an idea of what it is, a final date. That date was only just recently passed ( in terms of trading days open ).
Do you think this has been part of the drag recently ( outside of anything else that creates concern )?
Of course if you did not read the whole RNS - It is very long and contains a lot of caveats.... you would only read the top headline which ONLY says...
"Admission and Settlement
Application will be made for the admission to trading on AIM of 100,000,000 new Ordinary Shares ("Admission"). Admission is expected to occur on 10 July 2018."
However if you read it all...... the 2m Placing RNS says this down in the detail :-
Application for Admission to Trading on AIM
Application will be made to the LSE for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will take place at 8.00 am on 10 July 2018 (or such later date as may be agreed between the Company and WH Ireland, provided that such date is no later than 30 July 2018 (the "Long Stop Date").
RNS Number : 5067T
UK Oil & Gas Investments PLC
04 July 2018