Union Jack Oil PLC has announced a General Meeting for October 30, 2025, to seek shareholder approval for the proposed issue of bonus warrants.
The company plans to issue up to 36,641,474 bonus warrants to existing shareholders on the basis of one warrant for every four ordinary shares held on the record date of November 3, 2025.
This follows the recent fundraise, under which 40,000,000 fundraise warrants will be issued to participants. Both the fundraise and bonus warrants will be exercisable at 8 pence per share for a period of two years from their expected issue date on November 7, 2025.
Expected Timetable of Principal Events
Each of the times and dates in the below is indicative only and may be subject to change by the Company, in which event details of the new times and dates will be notified to shareholders by announcement through a Regulatory Information Service.
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Date
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Date of publication of the Circular
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10 October 2025 |
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Announcement of General Meeting and posting of Circular |
10 October 2025
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Latest time and date for receipt of Forms of Proxy for General Meeting
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11.00 a.m. on 28 October 2025 |
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General Meeting date |
30 October 2025
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Announcement of result of General Meeting |
30 October 2025
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Record date and time |
6.00 p.m. on 3 November 2025
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Existing shares marked ‘ex-entitlement’ by the London Stock Exchange
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4 November 2025 |
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Issue of warrant certificates |
by 7 November 2025
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References to times set out above and in the circular are to Greenwich Mean Time unless stated otherwise. The timetable above assumes that the Resolution is passed at the General Meeting without adjournment.
Further details on the background to and reasons for the General Meeting will be set out in the Circular which will also be made available on the Company’s website (www.unionjackoil.com).
The company confirmed that the warrants will not be admitted to trading on AIM.
