AIM Schedule 1 - UK Oil & Gas Plc (5049U)

TIDMUKOG

RNS Number : 5049U

AIM

12 July 2018

 
 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION 
  IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM 
  RULES") 
 
 COMPANY NAME: 
 
   UK Oil & Gas Investments PLC (to be renamed UK Oil & Gas PLC 
   on admission) 
 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY 
  TRADING ADDRESS (INCLUDING POSTCODES) : 
 
   8th Floor, Broadgate Tower, 20 Primrose Street, London, EC2A 
   2EW, United Kingdom 
 COUNTRY OF INCORPORATION: 
 
   United Kingdom 
 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED 
  BY AIM RULE 26: 
 
   http://www.ukogplc.com/ 
 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, 
  IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING 
  POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE 
  TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: 
 
   The Company is admitted to trading on AIM and has a portfolio 
   of direct and indirect investments in 8 UK onshore exploration, 
   appraisal, development and production assets. These assets 
   cover 928 sq km in the Weald and Purbeck-Wight basins of Southern 
   England. The Company is generating investment cash from its 
   interest in producing oil field in the region: Horndean, as 
   well as having an interest in the development of its flagship 
   investments in the Broadford Bridge and Horse Hill projects. 
   UKOG is also looking at the advancement of its interests in 
   Markwells Wood, Holmwood and the Arreton onshore Isle of Wight 
   licence areas. 
 
   UKOG is classified as an Investing Company under the AIM Rules 
   and is therefore subject to the procedures within the Note 
   for Investing Companies subsection of the AIM Rules. The Company 
   is seeking to admit its shares to AIM as an Operating Company 
   upon approval from a shareholder vote following publication 
   of an Admission Document. 
 
   Following approval for and the change of status to an operating 
   company, the Company would be allowed to take direct controlling 
   interests in oil and gas assets and become the operator of 
   such assets. Upon Admission as an operating company, the AIM 
   note for investing companies will no longer apply to UKOG. 
 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS 
  AS TO TRANSFER OF THE SECURITIES (i.e. where known, number 
  and type of shares, nominal value and issue price to which 
  it seeks admission and the number and type to be held as treasury 
  shares): 
 
   Admission of 5,207,240,526 ordinary shares to AIM as an operating 
   company. 
 
   There are no shares held in treasury. 
 
   There are no restrictions on the transfer of ordinary securities. 
 CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) 
  AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: 
 
   No capital will be raised on admission. 
 
   Anticipated market capitalisation is expected to be approximately 
   GBP120,000,000 on admission. 
 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 
 
   11.93% of AIM securities are currently not in public hands. 
 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH 
  THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE 
  OR WILL BE ADMITTED OR TRADED: 
 
   None. 
 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS 
  (underlining the first name by which each is known or including 
  any other name by which each is known): 
 
   Allen Howard - Non-Executive Chairman (on admission) 
 
 
   Stephen Sanderson - CEO (on admission) 
 
 
   Kiran Mozaria - Finance Director 
 
 
   Nicholas Mardon-Taylor - Non-Executive Director (on admission) 
 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED 
  AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER 
  ADMISSION (underlining the first name by which each is known 
  or including any other name by which each is known): 
   Shareholder                                  % Shareholding 
    HARGREAVES LANSDOWN (NOMINEES) LIMITED               11.83% 
                                                --------------- 
    INTERACTIVE INVESTOR SERVICES NOMINEES 
     LIMITED                                              9.55% 
                                                --------------- 
    BARCLAYS DIRECT INVESTING NOMINEES 
     LIMITED                                              8.64% 
                                                --------------- 
    HARGREAVES LANSDOWN (NOMINEES) LIMITED                7.14% 
                                                --------------- 
    INTERACTIVE INVESTOR SERVICES NOMINEES 
     LIMITED                                              6.71% 
                                                --------------- 
    HARGREAVES LANSDOWN (NOMINEES) LIMITED                6.09% 
                                                --------------- 
    HSDL NOMINEES LIMITED                                 5.70% 
                                                --------------- 
    HSDL NOMINEES LIMITED                                 5.69% 
                                                --------------- 
    HSBC CLIENT HOLDINGS NOMINEE (UK) LIMITED             4.08% 
                                                --------------- 
 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
  2, PARAGRAPH (H) OF THE AIM RULES: 
 
   N/A 
 (i) ANTICIPATED ACCOUNTING REFERENCE DATE 
  (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION 
  DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited 
  interim financial information) 
  (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS 
  PURSUANT TO AIM RULES 18 AND 19: 
 
                    i) 30 September 
                    ii) 30 September 2017 and 31 March 2018 
                    iii) 30 September 2018, 31 March 2019, 30 September 2019 
 EXPECTED ADMISSION DATE: 
 
   Late July 
 NAME AND ADDRESS OF NOMINATED ADVISER: 
 
   WH Ireland Limited 
   24 Martin Lane 
   London 
   EC4R 0DR 
   United Kingdom 
 NAME AND ADDRESS OF BROKER: 
 
   Joint Brokers: 
 
   WH Ireland Limited 
   24 Martin Lane 
   London 
   EC4R 0DR 
   United Kingdom 
 
   and 
 
   Cenkos Securities plc 
   6 7 8 Tokenhouse Yard 
   London 
   EC2R 7AS 
   United Kingdom 
 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE 
  (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE 
  AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL 
  DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: 
 
   The Admission Document containing full details about the Company 
   and the admission of its securities will be available at: 
 
   Website: http://www.ukogplc.com/index.php 
 
   The Company's registered office: 8th Floor, Broadgate Tower, 
   20 Primrose Street, London, EC2A 2EW, United Kingdom 
 
   The NOMAD's office: WH Ireland Limited, 24 Martin Lane, London, 
   EC4R 0DR, United Kingdom 
 THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO 
  APPLY 
 
   Quoted Companies Alliance Corporate Governance Code 
 DATE OF NOTIFICATION: 
 
   12th July 2018 
 NEW/ UPDATE: 
 
   New 
 

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July 12, 2018 11:00 ET (15:00 GMT)