Exercise of Options

RNS Number : 0699W

UK Oil & Gas Investments PLC

09 November 2017

 

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 from the estate of Jason Berry, a former Director of UKOG, of the exercise of options to subscribe for a total of 8,000,000 new ordinary shares in the Company (the "New Ordinary Shares"). The Company has received £92,000 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 15 November 2017.

Following Admission, the Company's enlarged issued share capital will comprise of 3,548,120,962  ordinary shares. The Company does not hold any shares in treasury. This figure of 3,548,120,962  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]

Cenkos Securities PLC (Joint Broker)

Nick Tulloch / Neil McDonald                                                   Tel: [phone]

Square 1 Consulting (Public Relations)

David Bick                                                                                         Tel: [phone]

 

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