Exercise of Options

RNS Number : 2435R

UK Oil & Gas Investments PLC

08 December 2016

 

UK Oil & Gas Investments PLC

("UKOG" or the "Company")

Exercise of Options

UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announces that it has received notice of the exercise of options to subscribe for a total of 20 million new ordinary shares in the Company (the "New Ordinary Shares"). The exercise price of these options was 0.4 pence. The Company has received £80,000 in respect of this exercise.

Application has been made for these New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 14 December 2016. The new ordinary shares will be admitted to trading on ISDX simultaneously with the admission to AIM. The new ordinary shares will rank pari passu with the existing ordinary shares.

Following Admission, the Company's enlarged issued share capital will comprise 2,597,634,099 ordinary shares. The Company does not hold any shares in treasury. This figure of 2,597,634,099 ordinary shares 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

UK Oil & Gas Investments PLC

Stephen Sanderson / Kiran Morzaria                                                                              Tel: [phone]

WH Ireland (Nominated Adviser and Broker)

James Joyce / James Bavister                                                                                            Tel: [phone]

Square 1 Consulting (Public Relations)

David Bick / Brian Alexander                                                                                            Tel: [phone]

 

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