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  2. Share Prices
  3. Union Jack Share Price
  4. Union Jack Share Regulatory News
  5. Capital Reduction Update

Pin to quick picksUnion Jack Regulatory News (UJO)

Union Jack Information

Share Price Information for Union Jack (UJO)

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4.05    0.09 (2.27%)
Bid:
3.80
Ask:
4.30
Spread: 0.50 (13.158%)
Market Cap: £5.94m
UJO Live PriceLast checked at - London Stock Exchange

Intraday Union Jack Share Chart

Capital Reduction Update

9 Aug 2022 07:00

RNS Number : 3111V
Union Jack Oil PLC
09 August 2022
 

9 August 2022

 

Union Jack Oil plc

("Union Jack" or the "Company")

Capital Reduction Update

Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce a further update on the reduction of capital exercise that is being pursued following the passing of a special resolution of the Company at its Annual General Meeting on 23 June 2022 ("Capital Reduction").

 

An application to the High Court of Justice has been made and an initial hearing has been scheduled for 12 August 2022. A final hearing for the Court to consider the Capital Reduction has been scheduled for 30 August 2022. The timing and approval of the Capital Reduction remains at the discretion of the Court. 

 

The Company will announce any further developments in due course.

 

 

For further information, please contact

Union Jack Oil plc info@unionjackoil.com

David Bramhill

 

SP Angel Corporate Finance LLP +44 (0)20 3470 0470

Nominated Adviser and Joint Broker

Matthew Johnson

Richard Hail

Caroline Rowe

 

Shore Capital +44 (0)20 7408 4090

Joint Broker

Toby Gibbs

Iain Sexton

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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234567891011

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