Business
Results of Retail Offer
Results of Retail Offer.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n\n \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018.\n \n \n08 August 2024\nUK Oil and Gas PLC\n(\"UKOG\" or the \"Company\") \n \nResults of Retail Offer\n \nUK Oil and Gas PLC (AIM: UKOG) is pleased to announce that, further to its announcement of 5th August 2024, it has conditionally raised approximately £248,204 (before expenses) via the conditional issue of 496,408,000 new ordinary shares of £0.000001 each in the capital of the Company (the \"Retail Offer Shares\") at a price of 0.05 pence per share pursuant to its offer to its existing retail shareholders via CMC CapX (the \"Retail Offer\").\n \nFor the avoidance of doubt, the Retail Offer is separate from and does not form part of the Placing announced on 5th August 2024.\n \nThe issue of the Retail Offer Shares is conditional upon the passing of the resolutions to be put to shareholders of the Company at a General Meeting, to be held via a virtual platform on 21st August 2024. The Retail Offer and the Placing are conditional on the Fundraising Shares being admitted to trading on the AIM market operated by London Stock Exchange plc (\"Admission\"). Admission is expected to take place at 8.00 a.m. on or around 27th August 2024. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing.\n \nAdmission to trading\n \nApplication will be made to AIM for Admission, which is expected to become effective and dealings in the Retail Offer Shares to commence at, 8.00 a.m. on or around 27th August 2024.\nFollowing Admission, the total voting rights in the Company will therefore be 11,140,761,388 and Shareholders will be able to use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the ...