UK Oil & Gas
PLC
("UKOG" or the
"Company")
Loan Reduction
Update
UK Oil & Gas PLC (London AIM: UKOG)
announces that, in relation to the funding
facility announced on 28 June 2023 ("Loan"), it has
issued RiverFort Global Opportunities PCC
Limited and YA II PN Ltd ("Investors") a
further 244,444,444 Equity Shares to
repay a further £55,000 of the Loan, the principal balance of which
now stands today at £0.31 million of the £2 million gross first
cash sum received.
The Investors' share transactions remain subject
to the orderly market, no short position and Investors voting in
favour of the Company obligations as previously announced on 28
June 2023.
Admission
Application has been made for this tranche of
Equity Shares, numbering 244,444,444
ordinary shares in total, to be admitted to trading on AIM
("Admission"). Admission is expected to take place at 8.00 a.m. on
or around 7 June 2024.
Following Admission, the total voting rights in
the Company will be 4,348,502,750
ordinary shares and Shareholders may use this figure as the
denominator by which they are required to notify their interest in,
or change to their interest in, the Company under the FCA's
Disclosure, Guidance and Transparency Rules.
For
further information, please contact:
UK
Oil & Gas plc
Stephen Sanderson / Allen D Howard /
Guzyal
Mukhametzhanova
Tel: 01483 941493
WH
Ireland Ltd (Nominated Adviser and Broker)
James Joyce / Andrew de Andrade /
James
Bavister
Tel: 020 7220 1666
Communications
Brian Alexander
Tel: 01483 941493
The information
contained within this announcement is deemed by the Company to
constitute inside information under the Market Abuse Regulation
(EU) No. 596/2014, as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018. Upon
publication of this announcement, this information is now
considered to be in the public domain.
