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Acquisition of Further Interest in PEDL143
Acquisition of Further Interest in PEDL143.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 8460A UK Oil & Gas PLC 03 June 2019 \n\nUK Oil & Gas PLC\n(\"UKOG\" or the \"Company\")\n \nCompletion of Acquisition of Further Interest in PEDL143 Exploration Licence\n \nUK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has completed the previously announced acquisition of the interests of both Europa Oil & Gas Limited (\"Europa\") and Union Jack Oil plc (\"Union Jack\") in the highly prospective PEDL143 exploration licence. This acquisition of their respective interests of 20% and 7.5% interests means UKOG now holds a majority operated 67.5% interest in the Licence.\n \nTransaction Summary\n \nThe total considerations of £300,000 and £112,500 to Europa and Union Jack, respectively, will be satisfied through the issue of an aggregate total of 35,683,391 new ordinary shares in UKOG (\"Consideration Shares\"), with 25,951,557 and 9,731,834 Consideration Shares issued to Europa and Union Jack respectively, as outlined in the announcement of 16 April 2019.\n \nAn application has been made for the Consideration Shares to be admitted to trading on AIM, which are anticipated to be available for trading on or around 7 June 2019 (\"Admission\").\n \nFollowing Admission, the Company's enlarged issued share capital will comprise 6,083,289,907 ordinary shares. The Company holds no shares in treasury. The enlarged ordinary share capital figure may be used by shareholders in the Company 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.\n \nFor further information, please contact:\n \nUKOG\nStephen Sanderson / Kiran Morzaria Tel: 01483 900582\n \nWH Ireland (Nominated Adviser and Broker)\nJames Joyce / James Sinclair-Ford ...