Last checked at 6 Jul 2017 17:59
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Exercise of Warrants
UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announces that it has received notice of the exercise of warrants to subscribe for a total of 55,000,001 new ordinary shares in the Company (the "New Ordinary Shares"). The average exercise price of the warrants was 0.85 pence. The Company has received £469,750 in respect of this exercise.
Application has been made for these New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 13 July 2017.
Following Admission, the Company's enlarged issued share capital will comprise 3,480,134,100 ordinary shares. The Company does not hold any shares in treasury. This figure of 3,480,134,100 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
UK Oil & Gas Investments PLC
Stephen Sanderson / Kiran Morzaria Tel: 01483 243450
WH Ireland (Nominated Adviser and Broker)
James Joyce / James Bavister Tel: 020 7220 1666
Cenkos Securities PLC (Joint Broker)
Nick Tulloch / Neil McDonald Tel: 0131 220 6939
Square 1 Consulting (Public Relations)
Brian Alexander / David Bick Tel: 01483 243450 / 020 7929 5599