Business
Loan Reduction Update
Loan Reduction Update.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n\nUK Oil & Gas PLC\n(\"UKOG\" or the \"Company\")\n \n \nLoan Reduction Update\n \nUK 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 247,524,752 Equity Shares to repay a further £50,000 of the Loan, the principal balance of which now stands today at £0.21 million of the £2 million gross first cash sum received.\n \nThe 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.\n \nAdmission\n \nApplication has been made for this tranche of Equity Shares, numbering 247,524,752 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 27 June 2024.\n \nFollowing Admission, the total voting rights in the Company will be 4,834,122,740 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.\n \n \nFor further information, please contact:\nUK Oil & Gas plc\nStephen Sanderson / Allen D Howard / Guzyal Mukhametzhanova Tel: 01483 941493\n \nWH Ireland Ltd (Nominated Adviser and Broker) \nJames Joyce / Andrew de Andrade / James Bavister Tel: 020 7220 1666\n \nCommunications\nBrian Alexander ...