Nu-Oil and Gas PLC Exercise of Warrants and Total Voting Rights (4841K)
July 07 2017 - 8:30AM
UK Regulatory
TIDMNUOG
RNS Number : 4841K
Nu-Oil and Gas PLC
07 July 2017
NU-OIL AND GAS PLC
AIM ticker: 'NUOG'
7 July 2017
NU-Oil and Gas plc
("NU-Oil" or "the Company")
Exercise of Warrants
The Company announces that it has received an exercise notice
from Beaufort Securities Ltd for the exercise of 29,800,000
warrants over ordinary shares of 0.1p each in the capital of the
Company ("Ordinary Shares") at an exercise price of 0.40p per
warrant.
Total Voting Rights
Application has been made for admission of these 29,800,000 new
Ordinary Shares to trading on AIM ("Admission") and it is expected
that Admission will take place at 8.00 a.m. on 13 July 2017.
Following Admission, there will be a total of 1,078,592,348
Ordinary Shares in issue. Shareholders should therefore use the
figure of 1,078,592,348 as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules.
Enquiries:
NU-Oil and Gas plc
Alan Minty, Executive Chairman Tel: +44 161 817 7460
Nigel Burton, CEO Tel: +44 7785 234447
Strand Hanson Limited
Rory Murphy/Ritchie Balmer Tel: +44 20 7409 3494
Beaufort Securities Limited Tel: +44 20 7382 8300
Jon Belliss
Elliot Hance
www.nu-oilandgas.com
Note to Editors:
NU-Oil and Gas plc is an independent oil and gas company whose
strategy is to build a diverse portfolio of assets with a strong
emphasis on acquiring interests in stranded and marginal fields.
These fields are low risk highly-appraised projects and
consequently the Company's entry cost will be low. NU-Oil will look
to develop these assets utilising solutions delivered by Marginal
Field Development Company (MFDevCo) and the MFD Consortium, which
can significantly improve the development economics of a project.
This is also expected to enable the early booking of reserves.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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