United Oil
& Gas PLC / Index: AIM / Epic: UOG / Sector: Oil &
Gas
8 January 2025
United
Oil & Gas plc
("United"
or "the Company")
General
Meeting Results, PDMR Notification, Board Change and Total Voting
Rights
United Oil & Gas Plc (AIM: "UOG"), the
oil and gas company with a high impact exploration asset in Jamaica
and a development asset in the UK is pleased to announce that at
the Company's General Meeting ("GM") held earlier today, all
resolutions, as set out in the circular dated 12 December 2024,
were duly passed.
Resolution
|
For
|
Against
|
Total
|
Withheld
|
1
|
118,410,533
|
29,690,487
|
148,101,020
|
197,581
|
2
|
118,410,533
|
29,690,487
|
148,101,020
|
197,581
|
Accordingly, the conditional Fundraising, the
results of which were announced on 12 December 2024, will complete
on the Second Admission to trading of the Second Tranche Placing
and Subscriptions Shares at which time the Placing Warrants will
also be granted.
Application has been made to the London Stock
Exchange for the Second Tranche Placing and Subscription Shares
comprising 315,000,000 new ordinary shares of £0.00001 each, to be
admitted to trading on AIM with dealings expected to commence on
AIM at 8.00 a.m. on 9 January 2025.
PDMR
Dealing
As set out in the announcement published on 12
December 2024 and in the Circular, Graham Marin, the Company's
Chairman, participated in the Fundraising and accordingly, as from
the Second Admission he will be interested in 24,089,730 ordinary
shares representing 1.3 per cent. of the Company's enlarged issued
share capital following Second Admission.
Board
Change
As announced on 11 December 2024, following
conclusion of the Company's GM Graham Martin has stepped down from
the Board of United. The Company extends its gratitude to Graham
for his valuable contributions and leadership during his tenure.
The Company is actively looking for a suitable candidate to fill
the Chairman position and will update the market on progress in due
course. In the interim, the CEO will fulfil the role of Chair until
a suitable candidate is found.
Total Voting
Rights ("TVR")
The Company's total issued share capital
immediately following Second Admission will be 1,856,353,969
ordinary shares of £0.00001 each carrying the right to one vote.
There are no shares currently held in treasury. Accordingly, from
the Second Admission the total number of voting rights in the
Company will be 1,856,353,969 and this figure may then be used by
shareholders as the denominator for the calculations by which they
determine if they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's
DTRs.
Unless
otherwise defined therein, the capitalised terms in this
announcement have the same meaning as in the "Results of the
Fundraising and TVR" announcement published on 12 December 2024 and
in the Company's Circular dated 12 December 2024.
END
Enquiries
|
|
|
United Oil & Gas Plc
(Company)
|
|
|
Brian Larkin, CEO
|
|
brian.larkin@uogplc.com
|
|
|
|
Beaumont Cornish
Limited (Nominated Adviser)
|
|
|
Roland Cornish | Felicity
Geidt | Asia Szusciak
|
|
+44 (0) 20 7628 3396
|
Tennyson Securities (Joint
Broker)
|
|
|
Peter Krens
|
|
+44 (0) 20 7186 9030
|
Optiva Securities
Limited (Joint Broker)
|
|
|
Christian Dennis
|
|
+44 (0) 20 3137 1902
|
Shard Capital Limited (Joint
Broker)
Damon Heath | Isabella
Pierre
|
|
+44 (0) 207 186 9900
|
|
|
|
Beaumont
Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont
Cornish's responsibilities as the Company's Nominated Adviser,
including a responsibility to advise and guide the Company on its
responsibilities under the AIM Rules for Companies and AIM Rules
for Nominated Advisers, are owed solely to the London Stock
Exchange. Beaumont Cornish is not acting for and will not be
responsible to any other persons for providing protections afforded
to customers of Beaumont Cornish nor for advising them in relation
to the proposed arrangements described in this announcement or any
matter referred to in it.
Notes to Editors
United Oil & Gas is an oil
and gas company with a development asset in the UK and a high
impact exploration licence in Jamaica.
The business is led by an
experienced management team with a strong track record of growing
full cycle businesses, partnered with established industry players
and is well positioned to deliver future growth through portfolio
optimisation and targeted acquisitions.
United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information
on United Oil and Gas please visit www.uogplc.com
The below notifications are made in
accordance with the requirements of Article 19(3) of the UK Market
Abuse Regulation:
1
|
Details of the person discharging managerial responsibilities / person closely
associated
|
a)
|
Name
|
Graham Martin
|
2
|
Reason for notification
|
a)
|
Position / status
|
Non-Executive Chairman
|
b)
|
Initial notification
/Amendment
|
Initial
|
3
|
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
|
a)
|
Name
|
United Oil & Gas plc
|
b)
|
LEI
|
|
4
|
Details of the transaction(s): section to be repeated
for(i)each type of instrument; (ii)each type of
transaction;(iii)each date; and (iv)each place where
transactions have been conducted
|
a)
|
Description of the financial
instrument, type of instrument
Indentification code
|
New Ordinary Shares of
£0.00001
Warrants over Ordinary Shares of
£0.00001
ISIN GB00BYX0MB92
|
|
Nature of the transaction
|
Share subscription n under a placing
and grant of warrants
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
|
Volumes(s)
|
New Ordinary Shares
|
£0.001
|
10,000,000
|
|
Price(s)
|
Volumes(s)
|
Warrants
|
£0.0015
|
5,000,000
|
|
d)
|
Aggregated information
|
As per 4. c) above
|
e)
|
Date of the transaction
|
8 January 2025
|
f)
|
Place of the transaction
|
Outside a trading venue
|