United Oil & Gas PLC (AIM: “UOG”), the AIM traded oil and gas exploration and development company, is pleased to announce that at the Company’s General Meeting held earlier today, all resolutions, as set out in the Circular comprising an AIM Admission Document dated 6 December 2019, were duly passed.
Accordingly, the acquisition of Rockhopper Egypt Pty Limited which owns a 22 per cent. non-operated working interest in the Abu Sennan Concession and associated development leases in Egypt, is now conditional only upon:
– EGPC and the Minister of Petroleum and Mineral Resources of Egypt approving the deed of assignment to the Rockhopper Acquisition; and
– the Rockhopper Acquisition Agreement; the BP facility and the Placing Agreement becoming unconditional save for Admission.
The Deed of assignment from EGPC and the Minister of Petroleum and Mineral Resources of Egypt and Admission are expected during January.
Accordingly, application will be made to the London Stock Exchange for the Enlarged Ordinary Share Capital comprising 619,153,969 Ordinary Shares to be admitted to trading on AIM. A further announcement confirming the Admission date will be made in due course.
Defined terms used in this announcement have the meanings ascribed to them in the Admission Document.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).
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