Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

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

Share Price Information for Uk Oil & Gas (UKOG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.065
Bid: 0.06
Ask: 0.07
Change: 0.0075 (13.04%)
Spread: 0.01 (16.667%)
Open: 0.0575
High: 0.065
Low: 0.0575
Prev. Close: 0.0575
UKOG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Further Loan Balance Reduction

9 Oct 2019 16:05

RNS Number : 3483P
UK Oil & Gas PLC
09 October 2019
 

UK Oil & Gas PLC

("UKOG" or the "Company")

 

Further Loan Balance Reduction

 

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that, in relation to the £5.5 million financing announced on 7 August 2019 ("Loan"), following receipt of a notice from Riverfort Global Opportunities PCC Limited and YA II PN Ltd ("Investors") to convert £150,000 of the Loan into UKOG shares, the Loan's balance has further reduced to £4.35 million.

 

The Company has today allotted 16,346,992 new ordinary shares to the Investors ("Investor Shares") and has applied for them to be admitted to trading on AIM. The Investor Shares will rank pari passu in all respects with the existing ordinary shares. It is anticipated that the Investor Shares will be admitted to trading on AIM on or around 16 October 2019.

 

The Loan terms can be seen in the Company's previous announcement on 27 September 2019.

 

Share Incentive Plan ("SIP")

 

Further to the Company's 'Grant of Options and SIP' announcement of 30 September 2019, the 201,000,000 new ordinary UKOG shares of 0.01p each issued pursuant to the SIP (the "SIP Shares") are to be admitted to trading on AIM on 14th October 2019.

 

Admission of Shares

 

Upon admission of the SIP Shares to trading on AIM, on or around the 14th October 2019, the Company's issued share capital will comprise 6,658,567,170 ordinary shares.

 

Upon admission of the 16,346,992 Investor Shares to trading on AIM, on or around the 16th October 2019, the Company's issued share capital will comprise 6,674,914,162 ordinary shares.

 

As the Company does not hold any shares in treasury, this figure of ordinary shares may be used by shareholders in the Company from the dates of admission detailed above, 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 PLC

Stephen Sanderson / Kiran Morzaria Tel: 01483 900582

 

WH Ireland Ltd (Nominated Adviser and Broker)

James Joyce / James Sinclair-Ford Tel: 020 7220 1666

 

 Cenkos Securities PLC (Joint Broker)

Joe Nally / Neil McDonald Tel: 0207 397 8919

 

Novum Securities (Joint Broker)

John Bellis Tel: 020 7399 9400

 

Public Relations

Brian Alexander Tel: 01483 900582

 

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

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.
 
END
 
 
MSCBUBDGBGGBGCC
Date   Source Headline
27th Mar 20247:00 amRNSLoxley Gas Project Update
19th Mar 20245:00 pmRNSBroadford Bridge Planning Update
13th Mar 20249:29 amRNSLoan Reduction via Equity Share Subscription
5th Mar 20243:28 pmRNSResult of Reconvened General Meeting
1st Mar 20247:00 amRNSRevised Timetable for Capital Restructuring
23rd Feb 20241:01 pmRNSNotice of General Meeting Resumption
22nd Feb 20244:37 pmRNSEmployee Benefit Trust Share Subscription
16th Feb 20241:54 pmRNSGeneral Meeting Adjournment
2nd Feb 20242:08 pmRNSPinarova-1 Testing Operations Update
1st Feb 20241:53 pmRNSProposed Capital Reorganisation
23rd Jan 20243:48 pmRNSLoan Balance Reduction via Equity Share Issue
23rd Jan 20247:00 amRNSPinarova-1 Testing Operations Commence
12th Jan 20247:00 amRNSSuccessful Placing
11th Jan 20247:00 amRNSTurkey: Pinarova-1 Testing
10th Jan 202411:39 amRNSEquity Share Issue and Reduction in Loan Balance
9th Jan 20242:00 pmRNSCourt of Appeal Upholds Loxley Planning Consent
3rd Jan 20241:04 pmRNSTurkey: Pinarova-1 Operations Re-Commence
15th Dec 20237:00 amRNSTurkey: Pinarova-1 Testing Update
12th Dec 20237:00 amRNSHorse Hill Work Programme Extended by NSTA
11th Dec 20237:00 amRNSHorse Hill Farmin Update
8th Dec 20237:00 amRNSHorse Hill Developments Update
21st Nov 20237:00 amRNSTurkey: Pinarova-1 Testing Latest
3rd Nov 202312:13 pmRNSEquity Share Issue
13th Oct 20237:00 amRNSTurkey: Pinarova-1 Testing Update
22nd Sep 20237:00 amRNSTurkey: Pinarova-1 Testing Update
3rd Aug 20238:01 amRNSLoxley High Court Update
20th Jul 202310:44 amRNSHigh Court upholds Loxley Planning Consent
13th Jul 20237:00 amRNSAvington Oil Production to Restart
28th Jun 20237:00 amRNS£3 million funding facility
26th Jun 20232:13 pmRNSUnaudited results six-month ended 31 March 2023
21st Jun 20237:00 amRNSHorse Hill Update
8th Jun 20237:00 amRNSLoxley High Court hearing
23rd May 20239:06 amRNSTurkey: Pinarova-1 Testing Update
5th May 202312:12 pmRNSResult of Annual General Meeting
3rd May 20237:00 amRNSTurkey: Pinarova-1 Update
25th Apr 202312:30 pmRNSHolding(s) in Company
25th Apr 202312:13 pmRNSTurkey: Pinarova-1 drilling ahead
24th Apr 20237:00 amRNSHolding(s) in Company
21st Apr 20238:40 amRNSTurkey: Pinarova-1 oil shows & testing
18th Apr 202311:51 amRNSTurkey: Pinarova-1 casing set
13th Apr 202312:56 pmRNSHolding(s) in Company
13th Apr 20239:39 amRNSTurkey: Pinarova-1 reaches first casing point
11th Apr 20237:05 amRNSNotice of Annual General Meeting
11th Apr 20237:00 amRNSTurkey: Pinarova-1 drilling commences
5th Apr 20234:51 pmRNSHolding(s) in Company
3rd Apr 20237:00 amRNS2022 Annual Report and Accounts
31st Mar 20234:44 pmRNSAnnual Accounts for year ended 30 September 2022
31st Mar 20237:00 amRNSTurkey: Pinarova-1 construction completed
30th Mar 20231:44 pmRNSHolding(s) in Company
28th Mar 20237:37 amRNSHorse Hill Farmout

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.