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

Share Price Information for UK Oil & Gas (UKOG)

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Loan Reduction Update

12 Jun 2024 12:49

RNS Number : 1823S
UK Oil & Gas PLC
12 June 2024
 

UK Oil & Gas PLC

("UKOG" or the "Company")

 

 

Loan Reduction Update

 

UK Oil & Gas PLC (London AIM: UKOG) announces that, in relation to the funding facility announced on 28 June 2023 ("Loan"), it has issued RiverFort Global Opportunities PCC Limited and YA II PN Ltd ("Investors") a further 238,095,238 Equity Shares to repay a further £50,000 of the Loan, the principal balance of which now stands today at £0.26 million of the £2 million gross first cash sum received.

 

The Investors' share transactions remain subject to the orderly market, no short position and Investors voting in favour of the Company obligations as previously announced on 28 June 2023.

 

Admission

 

Application has been made for this tranche of Equity Shares, numbering 238,095,238 ordinary shares in total, to be admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on or around 18 June 2024.

 

Following Admission, the total voting rights in the Company will be 4,586,597,988 ordinary shares and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure, Guidance and Transparency Rules.

 

For further information, please contact:

UK Oil & Gas plc

Stephen Sanderson / Allen D Howard / Guzyal Mukhametzhanova Tel: 01483 941493

 

WH Ireland Ltd (Nominated Adviser and Broker)

James Joyce / Andrew de Andrade / James Bavister Tel: 020 7220 1666

 

Communications

Brian Alexander Tel: 01483 941493

 

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this information is now considered to be in the public domain.

 

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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UPDDZGMVMZNGDZM
Date   Source Headline
17th Sep 20247:00 amRNSBoard Appointment
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23rd Jan 20243:48 pmRNSLoan Balance Reduction via Equity Share Issue
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12th Jan 20247:00 amRNSSuccessful Placing
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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

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