NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE, OR
TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION
OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE
UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT
2018.
08 August 2024
UK Oil and Gas PLC
("UKOG" or the
"Company")
Results of Retail
Offer
UK Oil and Gas PLC
(AIM: UKOG) is pleased to announce that, further
to its announcement of 5th August 2024, it has
conditionally raised approximately £248,204 (before expenses) via
the conditional issue of 496,408,000
new ordinary shares of £0.000001 each in the
capital of the Company (the "Retail Offer Shares") at a price
of 0.05 pence per share pursuant to its
offer to its existing retail shareholders
via CMC CapX (the "Retail Offer").
For the avoidance of doubt, the
Retail Offer is separate from and does not form part of the Placing
announced on 5th August 2024.
The issue of the Retail Offer Shares
is conditional upon the passing of the resolutions to be put to
shareholders of the Company at a General Meeting, to be held via a
virtual platform on 21st August 2024. The
Retail Offer and the Placing are conditional on the Fundraising
Shares being admitted to trading on the AIM market operated by
London Stock Exchange plc ("Admission"). Admission is expected to
take place at 8.00 a.m. on or around 27th August
2024. Completion of the Retail Offer is conditional, inter alia, upon the completion of the
Placing.
Admission to trading
Application will be made to AIM for
Admission, which is expected to become effective and dealings
in the Retail Offer Shares to commence at, 8.00 a.m. on or around
27th August 2024.
Following Admission, the total
voting rights in the Company will therefore be 11,140,761,388 and
Shareholders will be able to 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 Disclosure Guidance and
Transparency Rules.
For further information, please
contact:
UK
Oil & Gas Plc
Stephen Sanderson / Guzyal
Mukhametzhanova
Tel: 01483 941493
Zeus Capital Limited (Nominated Adviser and Broker)
James Joyce / James Bavister /
Andrew de Andrade
Tel: 0203 829
5000
CMC
Markets (Joint Broker)
Douglas Crippen
Tel:
0203 003 8632
Communications
Brian Alexander
Tel: 01483 941493
Retail
Offer
CMC CapX
capx@cmcmarkets.com Tel: 0203 003 8632
This announcement should be read in its entirety. In
particular, the information in the "Important Notices" section of
the announcement should be read and understood.
Important Notices
The contents of this announcement
have been prepared by and issued by the Company and is the sole
responsibility of the Company. The Board of Directors
of the Company are responsible for arranging the release of this
announcement on behalf of the Company.
This announcement is not for
publication or distribution, directly or indirectly, in or into the
United States of America. This announcement is not an offer of
securities for sale into the United States. The securities
referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933, as amended, and may not be offered
or sold in the United States, except pursuant to an applicable
exemption from registration. No public offering of securities is
being made in the United States.
This announcement and the information contained
herein is not for release, publication or distribution, directly or
indirectly, in whole or in part, in or into or from Australia,
Canada, Japan, the Republic of South Africa, or any other
jurisdiction where to do so might constitute a violation of the
relevant laws or regulations of such jurisdiction.
The distribution of this
announcement may be restricted by law in certain jurisdictions and
persons into whose possession any document or other information
referred to herein comes should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction.
CMC CapX is a software and
technology platform owned and operated by CMC Markets UK plc
(trading as CMC CapX) (registered address at 133 Houndsditch, London, EC3A 7BX).
CMC Markets UK plc ("CMC")
is authorised and regulated in the United Kingdom by the FCA, is
acting exclusively for the Company and for no-one else and will not
regard any other person (whether or not a recipient of this
announcement) as its client in relation to the Retail Offer and
will not be responsible to anyone other than the Company for
providing the protections afforded to its clients, nor for
providing advice in connection with the Retail Offer, Admission and
the other arrangements referred to in this announcement.
