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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Uk Oil & Gas Plc | LSE:UKOG | London | Ordinary Share | GB00BS3D4G58 | ORD GBP0.000001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0375 | 0.035 | 0.04 | 0.0375 | 0.0375 | 0.0375 | 8,026,612 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 1.78M | -4.87M | -0.0015 | -0.27 | 1.3M |
From Apr 2019 to Apr 2024
TIDMUKOG
RNS Number : 1213J
UK Oil & Gas Investments PLC
06 September 2016
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Completion of acquisition of Further Interest in Horse Hill-1 Discovery and Licenses, Weald Basin, UK
Further to the RNS dated 22 July 2016 regarding the agreement to acquire the entire 3.9% interest of Flowermay Limited ("Flowermay") in onshore Weald Basin licences PEDL137 and PEDL246 ("the Licences"), UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announces that acquisition has now been completed.
Transaction Summary
For a total consideration of GBP1 million, the Company has received a 3.9% beneficial interest in the Licences via the purchase of Flowermay's remaining 6% shareholding in Horse Hill Developments Ltd ("HHDL"). The total Consideration, with an effective date of 21 July 2016, is comprised of GBP150,000 payable in cash and GBP850,000 in the form of 50,981,799 new ordinary shares in UKOG ("Consideration Shares").
UKOG has applied for the admission to trading on AIM and the ISDX Growth Market of 50,981,799 new ordinary shares ("New Shares") in the Company. Trading of the New Shares is expected to commence on or around 12 September 2016 ("Admission"). Following Admission, the Company's issued share capital will consist of 2,547,634,099 ordinary shares ("Ordinary Shares"), with no Ordinary Shares held in treasury. Therefore, shareholders may use the above figure of 2,547,634,099 Ordinary Shares as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in UKOG under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
UK Oil & Gas Investments PLC
Stephen Sanderson / Jason Berry Tel: 020 7440 0640
WH Ireland (Nominated Adviser and Broker)
James Joyce / James Bavister Tel: 020 7220 1666
Square 1 Consulting (Public Relations)
David Bick / Brian Alexander Tel: 020 7929 5599
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQEQLFBQKFZBBL
(END) Dow Jones Newswires
September 06, 2016 11:44 ET (15:44 GMT)
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