Business
Result of Oversubscribed Placing and Subscription
Result of Oversubscribed Placing and Subscription.
About this update from Jersey Oil & Gas Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5681S\n Jersey Oil and Gas PLC\n 17 March 2021\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 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 . 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 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"MAR\")\n . \n \n \n 17 March 2021\n \n \n Jersey Oil and Gas plc\n \n \n (\"Jersey Oil & Gas\", \"JOG\" or the \"Company\")\n \n \n Result of Oversubscribed Placing and Subscription\n \n \n Jersey Oil & Gas (AIM: \n JOG\n ), an independent upstream oil and gas company \n \n focused on the UK Continental Shelf (\"UKCS\") region of the North Sea\n ,\n \n is pleased to announce that\n , further to its announcement at 7.50 a.m. today, it has successfully completed an oversubscribed Placing by way of an accelerated bookbuild which is now closed.\n \n \n The Placing and Subscription has raised, in aggregate, £15 million (before expenses) through the placing of 9,054,548\n \n new Ordinary Shares (the \"PlacingShares\") and a Subscription for 36,361 new Ordinary Shares (the \"SubscriptionShares\") at an Issue Price of 165 pence per share. The Issue Price represents a premium of approximately 1.23 per cent. to the closing middle market price of 163 pence per existing Ordinary Share on 16 March 2021, being the last business day prior to the announcement of the Fundraising.\n \n \n Completion of the Placing and Subscription is subject, inter alia, to Shareholder approval of the R...