Exercise of Warrants

RNS Number : 6591H

UK Oil & Gas PLC

04 December 2020

 

 UK Oil & Gas PLC

("UKOG" or the "Company") 

Exercise of Warrants

UKOG (London AIM: UKOG) is pleased to announce that it has received warrant exercise notices to subscribe for a total of 68,750,000 new ordinary shares in the Company at an exercise price of 0.16 pence per share (the "New Ordinary Shares"). Subscription monies of £110,000 have been received by the Company in respect of the exercise of these warrants.

Application will be made for the admission of the New Ordinary Shares to trading on AIM of the London Stock Exchange plc ("Admission"). Admission is expected to occur on or around 10 December 2020. Following Admission, the Company will have 12,543,135,050 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 12,543,135,050 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 Disclosure Guidance and Transparency Rules.

For further information, please contact:

UK Oil & Gas PLC
Stephen Sanderson / Kiran Morzaria	Tel: [phone]
WH Ireland Ltd  (Nominated Adviser and Broker)
James Joyce / James Sinclair-Ford	Tel: [phone]
Communications
Brian Alexander	Tel: [phone]

 

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