Business
Exercise of Warrants and TVR
Exercise of Warrants and TVR.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n\n United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas\n \n13th May 2025\nUnited Oil & Gas plc\n(\"United\" or \"the Company\")\n \nExercise of Warrants and TVR\n \nUnited Oil & Gas Plc (AIM: \"UOG\"), the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK is pleased to announce that it has received notice to exercise warrants over a total of 12,500,000 new ordinary shares of £0.00001 each in the Company (\"Warrant Shares\") at an exercise price of £0.0015 per Warrant Share, raising £18,750.00 for the Company.\n \nThe warrants were issued as part of the fundraising completed in December 2024 for which authorities were approved at the General Meeting on the 8 January 2025.\n \n \nBrian Larkin, CEO of United Oil & Gas, commented:\n \n\"We are pleased to have received the exercise notice from warrant holders, which reflects continued support for our strategy and further strengthens the momentum building around our Jamaican farm-out process. With the licence extended to January 2028, work on our piston core permitting application progressing, and multiple parties under NDA, we remain focused on securing the right strategic farm-out partner and delivering value for our shareholders.\"\n \nTotal Voting Rights and Admission\nApplication will be made to the London Stock Exchange for the 12,500,000 Warrant Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at 8.00 a.m. on or around 19 May 2025. The Warrant Shares will be issued as fully paid and will rank pari passu in all respects with the existing ordinary shares in the Company.\nFollowing Admission, the Company's issued share capital will consist of 2,028,377,779 ordinary shares of £0.00001 par value each, with voting rights. The above figure may then be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.\n**ENDS**\n \n \n\n\n\n\nEnquiries\n\n\n\n\n\n\n\n\n\n\nUnited Oil & Gas Plc (Company)\n\n\n\n\n\n\n\n\n\n\nBrian Larkin, CEO\...