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Pin to quick picksUpland Resource Regulatory News (UPL)

Share Price Information for Upland Resource (UPL)

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Upland Resources Ltd - Completion of Placing

Thu, 21st Jun 2018 08:15

RNS Number : 0641S
Upland Resources Limited
21 June 2018


This announcement is an advertisement and not a prospectus. This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Investors should not subscribe for or purchase any transferable securities referred to in this announcement except on the basis of information in the prospectus dated 18 June 2018 (the "Prospectus") published by the Company in connection with the Placing.

21 June 2018


("Upland" or the "Company")

Completion of Placing of 120,000,000 Placing Shares

Further to its announcement on 13 June 2018 of the proposed placing of 120,000,000 new shares of no par value in the Company at 2.5p per share (the "Placing") to raise £3 million (before expenses), Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to announce that the Placing was completed on admission of all the Placing Shares to listing on the UK Listing Authority's Official List (standard listing segment) and to trading on the London Stock Exchange's main market for listed securities ("Admission") which became effective at 8.00 am today.

Directors' participation

The Directors participated in the Placing and subscribed for an aggregate of 5,130,770 Placing Shares for aggregate £128,269.25 in cash (at the placing price of 2.5p per share), further details of which are set out in Part VIII (The Placing) of the Prospectus.

Total Voting Rights

Following Admission, the Company has 579,012,060 shares of no par value in issue, each with one vote per share (and none of which are held in treasury). The total number of voting rights in the Company is therefore 579,012,060.  This figure of 579,012,060 may be used by shareholders in the Company as the denominator for calculations to determine if they have a notifiable interest in the share capital of the Company under the Disclosure Guidance and Transparency Rules, or if such interest has changed.

Contact details:-

Upland Resources Limited


Steve Staley, CEO

Tel: 07891 677 441  


Optiva Securities Limited


Jeremy King (Corporate Finance)

Tel: 020 3137 1904


Christian Dennis (Corporate Broker)

Tel: 020 3411 1882 christian.dennis@optivasecurities.com

FlowComms Ltd


Sasha Sethi (Investor Relations)

Tel: 07891 677 441





Upland is an upstream oil & gas company whose highly experienced management has a track record of creating major value for shareholders in junior oil & gas companies, including Cove Energy plc. The Company has extensive technical and commercial skills and contacts, management having held senior roles in Petronas, Conoco, Shell etc.



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.
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