Exercise of Warrants

RNS Number : 6058I

Jersey Oil and Gas PLC

31 August 2016

 

31 August 2016

Jersey Oil and Gas plc

("Jersey Oil & Gas" or the "Company")

Exercise of Warrants and Issue of Equity

Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company ‎focused on the UK Continental Shelf region of the North Sea, has received a notice of exercise in respect of of certain warrants to subscribe for 70,454 new ordinary shares of 1p each in the capital of the Company (the "Warrant Shares") at a price of 22 pence per Warrant Share.  In aggregate, the exercise of these warrants amounts to a cash subscription of approximately £15,500.

Accordingly, application has been made for the Warrant Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence on AIM at 8:00a.m. on 6 September 2016. Following Admission, the Company's total issued capital will consist of 8,461,931 ordinary shares.  As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company 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 share capital of the Company following Admission.

Enquiries:

Jersey Oil & Gas plc	Andrew Benitz, CEO	C/o Camarco: Tel:  [phone]
Strand Hanson Limited	James Harris Matthew Chandler James Bellman	Tel:  [phone]
FirstEnergy Capital LLP	Hugh Sanderson David van Erp	Tel:  [phone]
Camarco	Billy Clegg Georgia Mann  Sean Blundell	Tel:  [phone]

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").

 

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