Business
Result of General Meeting
Result of General Meeting.
About this update from Jersey Oil & Gas Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4758V\n Jersey Oil and Gas PLC\n 14 April 2021\n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION\n \n .\n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE COMPANY\n \n . THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF JERSEY OIL AND GAS PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \n \n \n \n \n 14 April 2021\n \n \n \n \n \n Jersey Oil and Gas plc\n \n \n (\"Jersey Oil & Gas\", \"JOG\" \n or the \n \"Company\")\n \n \n \n \n \n Result of General Meeting\n \n \n Result of Offer, Completion of Fundraising and Issue of Equity\n \n \n \n \n \n Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf (\"UKCS\") region of the North \n Sea, is pleased to announce that the resolutions proposed at its General Meeting held earlier today, as set out in the formal Notice of General Meeting dated 29 March 2021, were all duly approved by Shareholders.\n \n \n The Offer, announced as part of the Fundraising on 17 March 2021, closed for applications on 12 April 2021 and the Company is pleased to announce that valid applications were received from Qualifying Participants in respect of, in aggregate, 974,157 Offer Shares, representing approximately 80.36 per cent. of the Offer Maximum. Qualifying Participants that made valid applications will therefore be allocated all of the Offer Shares that they applied for.\n \n \n Accordingly, pursuant to the Placing, Subscription and Offer announced on 17 March 2021 and further to the abovementioned passing of all of the requisite resolutions at the Company's General Meeting held earlier today, the Company is issuing 9,054,548 new Ordinary Shares pursuant to the Placing, 36,361 new Ordinary Shares ...