United Oil & Gas Plc, the oil and gas exploration and development company, is pleased to announce that further to the announcements of 31 January 2019 and 26 February 2019, admission of its ordinary shares of 1 pence each (“Ordinary Shares”) to trading on the AIM market of the London Stock Exchange is expected to become effective at 8.00 a.m. today.
Following the cancellation of trading of the Ordinary Shares on the standard listing segment of the Official List and to trading on the Main Market. The Ordinary Shares will continue to trade on AIM under the TIDM “UOG”.
Disclosures as required by AIM Rule 26 can be found at: http://www.uogplc.com/investors-aim-rule-26/
No additional capital has been raised upon admission and the Company’s issued share capital comprises 345,613,985 Ordinary Shares each with voting rights. No Ordinary Shares are held in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 345,613,985.
This figure may be used by Shareholders 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 Company under the FCA’s Disclosure Guidance and Transparency Rules.
United Oil & Gas PLC CEO, Brian Larkin, said: “We are delighted to take this next step in our growth as a PLC. In the short time since our establishment in 2015 and initial listing in 2017, United has created a portfolio of assets which I believe will deliver exceptional value for our shareholders.
The move to AIM will not only reduce costs and use of management resources but will also assist us in undertaking the kind of value-adding transactions that will significantly grow our business. I would like to thank our shareholders for their support to date and look forward to updating them on our licences in the UK, Italy and Jamaica, beginning with the Colter well result in the coming weeks.”
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