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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.0015 | 6.25% | 0.0255 | 0.024 | 0.027 | 0.0255 | 0.02275 | 0.024 | 51,927,596 | 09:47:29 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 1.78M | -4.87M | -0.0015 | -0.20 | 976.2k |
TIDMUKOG
RNS Number : 7689Z
UK Oil & Gas PLC
25 May 2021
UK Oil & Gas PLC
("UKOG" or the "Company")
Purchase of Horse Hill equipment completed
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that, as per the announcement of 4 June 2020, the Company has completed the final instalment due under the sale and purchase agreement of the Horse Hill surface production equipment ("Equipment") from PW Well Test Ltd ("PW").
The Company acquired the Equipment from PW for GBP1.65 million. The purchase was via three equal instalments of GBP550,000 as follows:
An Initial instalment was made in July 2020 upon signature of the asset purchase agreement via equal amounts of cash and UKOG shares. The second instalment was made in February 2021 via the issue of UKOG shares.
The final payment can be either wholly in cash, or wholly in shares, or part cash/part shares, each at UKOG's sole discretion. The final payment of GBP550,000 has been made to PW, via the issue of 262,759,440 UKOG shares, at a 5-day VWAP of GBP 0.0021.
Share Admission and Settlement
Application will be made for the admission to trading on the AIM market ("AIM") of London Stock Exchange plc ("LSE") of the shares ("Admission"). Admission is expected to occur on or around 1 June 2021. Following Admission, the Company will have 13,218,369,752 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 13,218,369,752 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
For further information, please contact:
UK Oil & Gas PLC Stephen Sanderson / Kiran Morzaria Tel: 01483 941493 WH Ireland Ltd (Nominated Adviser and Broker) James Joyce / James Sinclair-Ford Tel: 020 7220 1666 Communications Brian Alexander Tel: 01483 941493
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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(END) Dow Jones Newswires
May 25, 2021 09:27 ET (13:27 GMT)
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