Business
Successful Placing and appointment of new CFO
Successful Placing and appointment of new CFO.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED THEREIN IS RESTRICTED AND IT IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION.\n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND 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 IN UK OIL & GAS PLC OR ANY OTHER ENTITY IN ANY SUCH JURISDICTION.\n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\").\n \n \n \n \n \n \n \n \n \n UK Oil & Gas PLC\n \n \n \n \n (\"UKOG\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Successful Placing and appointment of new CFO\n \n \n \n \n \n \n UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has successfully raised gross proceeds of £3.0 million by means of a placing (the \"Placing\") of new Ordinary Shares (the \"Placing Shares\") at a price of 0.0875 pence per share (the \"Placing Price\").\n \n \n The Placing Price represents a discount of approximately 20.3 per cent to the Closing Price of 0.1098 pence per Ordinary Share on 9 September 2022, being the latest practicable business day prior to the publication of this Announcement.\n \n \n Placing Summary\n \n \n ·\n The Placing raised £3.0m (before expenses) through the issue of\n 3,428,571,425 Placing Shares at the Placing Price.\n \n \n ·\n The Placing Shares represent 16.25 per cent. of the Enlarged Issued Share Capital.\n \n \n ·\n The net proceeds of the Placing will be used to help deliver the Company's stated strategy and work programme as detailed in its RNS of 20th July 2022 and as further detailed below.\n \n \n ·\n Participants in the Placing have subscribed on the basis of the terms and conditions of the Placing which are attached as the Appendix to ...