Uae Oil Services Share Discussion Threads

[tomgreg] 17/8/2021 09:21

Good to know - Thanks - Another year or two?

[danmart2] 16/8/2021 11:04

In theory, yes.

[tomgreg] 16/8/2021 08:57

Happy Anniversary to all holders - now suspended for a third year. Are these ever coming back?

[tomgreg] 23/7/2021 15:58

Not long to go....

[tomgreg] 27/8/2020 16:00

Happy Anniversary to holders as we pass 2 years of suspension. Will we get to 3 I wonder?

[letmepass] 20/8/2020 10:40

Different management in place now. Not sure what they have planned. If anything

[tomgreg] 20/8/2020 09:54

I notice the proposed RTO is no longer being mentioned in the announcements.
Looks like we will pass the 2 year anniversary now.

[letmepass] 20/8/2020 08:34

Well will probably be another few months before anything is bought.

[letmepass] 20/8/2020 08:05

Is this still listed

[tomgreg] 17/7/2020 16:29

Good to know I'm not alone! Let's hope we don't hit a 2 year anniversary!

[amrishbhim] 16/7/2020 22:17

I hold also

[tomgreg] 15/7/2020 16:54

These are close to having been suspended for 2 years. Are there any other holders out there?

[tomgreg] 01/5/2020 12:09

and it still is....Oil seems to have come and gone waiting for this for to come back....

[letmepass] 27/12/2019 06:40

Doubt it. Going to be a while

[tomgreg] 25/12/2019 16:48

Merry Christmas! Wonder if anything will be happening here in 2020 - Suspended for 17 months now...

[tomgreg] 20/8/2019 16:20

Happy Anniversary - These have been suspended for a year!

[tomgreg] 23/8/2018 20:11

Forget the above - looking more closely they look like checking corrections.

[tomgreg] 21/8/2018 20:56

I see 2 trades at £5 today - 500 and 128. How can anyone trade a suspended security? Any ideas how this has happened?

[letmepass] 17/8/2018 22:00

I think if it comes back it will have an asset and dilution. But think it joined lse at 100p so 50 million shares =50 million pounds. Do 51 million shares. Not a lot really

[deltalo] 17/8/2018 19:39

Well I did say about midday that there shall be a rns about the share price I didn't think it would be that dramatic. This could be suspended for months and after come back with a big dilution or a rise. I hop for all here the latter as it's a one day shopping spree with an empty trolley at the end. Gluttony is a sin so all is good here.

[mr motivator] 17/8/2018 17:06

Looks like the concept could be coming reality.

Suspended no actions on Monday :(

[mr motivator] 17/8/2018 17:04

UAE Oil Services PLC Potential Acquisition and Suspension
17/08/2018 4:58pm
UK Regulatory (RNS & others)

Uae Oil Servic. (LSE:UOS)
Intraday Stock Chart
Today : Friday 17 August 2018

Click Here for more Uae Oil Servic. Charts.
TIDMUOS

RNS Number : 2079Y

UAE Oil Services PLC

17 August 2018

UAE Oil Services plc

Potential Acquisition and Suspension

The Directors of UAE Oil Services plc (the "Company"), the listed special purpose acquisition company, note the increase in the Company's share price today.

As set out in the Company's Prospectus dated 19 April 2018, the Company was formed for the purpose of making acquisitions in the oil and gas support services and infrastructure sector in the Middle East and North Africa, with an initial focus in the United Arab Emirates.

The Company confirms that it is in discussions over the share-for-share acquisition of the OBN Group, an oil services business in the United Arab Emirates (the "Transaction"). The terms of the Potential Acquisition have not been finalised and it remains subject to due diligence, completion of a fundraising and re-listing of the enlarged group on the London Stock Exchange. Accordingly, there is no certainty that it will be completed.

If the Transaction is completed, it will constitute a reverse takeover under the Listing Rules and will be subject to approval by shareholders of the Company at a general meeting. As the Company is unable to provide full disclosure under Rule 5.6.15 of the Listing Rules, the Company has requested the UKLA suspend listing of its ordinary shares on the Standard Segment of the Official List, and as traded on the Main Market of London Stock Exchange pending publication of a prospectus in relation to the General Meeting setting out details of the Transaction (or in the alternative the Company announces that the discussions have been terminated). Suspension of trading will be effective from 4.30 p.m. on 17 August 2018.

Further announcements will be made in due course as the Transaction progresses.

[bob1995] 17/8/2018 16:44

Added in the end. Wow what a rise.