Business
Exercise of warrants
Exercise of warrants.
About this update from Union Jack Oil Plc
[{"type":"text","content":"\n \nRNS Number : 0358N Union Jack Oil PLC 23 July 2014 \n\n \nUnion Jack Oil plc\n(AIM: UJO)\n \nExercise of Warrants\n \nUnion Jack Oil plc (the \"Company\"), an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector announces that it has received notice of the exercise of 30,900,000 warrants thereby generating gross cash proceeds of £83,100 for the Company. Further detail on the warrant exercise is below:\n \n\n\n\n\nExercise price (pence)\n\n\nExpiry date\n\n\nNumber of warrants exercised\n\n\n\n\n0.25\n\n\n30 July 2018\n\n\n19,200,000\n\n\n\n\n0.30\n\n\n28 February 2015\n\n\n11,700,000\n\n\n\n\n \nFollowing the exercise of the warrants, the total number of warrants outstanding will be 335,352,549.\n \nAdmission and Total Voting Rights\n \nPursuant to the above exercise, 30,900,000 new ordinary shares of 0.025 pence each in the Company (the \"New Ordinary Shares\") have been issued and allotted. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares. Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on 29 July 2014. Following admission of the Placing Shares, the enlarged issued share capital will amount to 1,711,753,929 ordinary shares of 0.025p each.\n \nThe Company does not hold any shares in treasury and the above figure may therefore be used by shareholders as the denominator for the calculation to determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules.\n \nDirectors' holdings on following exercise of the warrants\n\n\n\n\n \n\n\nPrior to the exercise of warrants\n\n\nFollowing the exercise of warrants\n\n\n\n\n \n\n\nNumber\n\n\nPercentage of Issued Share Capital\n\n\n\n\nDavid Bramhill1\nExecutive Chairman\n\n\n48,664,580\n\n\n48,664,580\n\n\n2.84\n\n\n\n\nJoe O'Farrell2\nExecutive Director\n\n\n107,664,180\n\n\n107,664,180\n\n\n6.29\n\n\n\n\nMartin Durham3\nNon-Executive Director\n\n\n9,200,000\n\n\n9,200,000\n\n\n0.54\n\n\n\n\nRaymond Godson\nNon-Executive Director\n\n\n10,000,000\n\n\n10,000,0...