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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Union Jack Oil Plc | LSE:UJO | London | Ordinary Share | GB00BLH1S316 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.50 | 2.20% | 23.25 | 22.50 | 24.00 | 23.25 | 22.75 | 22.75 | 284,640 | 11:05:32 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 8.51M | 3.61M | 0.0320 | 7.27 | 26.21M |
From May 2022 to May 2024
TIDMUJO
RNS Number : 6288X
Union Jack Oil PLC
30 August 2022
30 August 2022
Union Jack Oil plc
("Union Jack" or the "Company")
Capital Reduction Effective
Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce that the Capital Reduction exercise that is being pursued following the passing of a special resolution of the Company at its Annual General Meeting on 23 June 2022, has been approved ("Capital Reduction").
This follows the confirmation of the Capital Reduction by the High Court of Justice, on 30 August 2022. The Capital Reduction will become effective once the Court order has been registered with the Registrar of Companies, which is expected to happen on 31 August 2022.
Subject to the filing of the Court order with the Registrar of Companies, the Capital Reduction creates additional reserves to the value of GBP21,553,557. This provides the Company with further flexibility to deliver shareholder returns in the form of dividends and/or share buybacks.
For further information, please contact
Union Jack Oil plc info@unionjackoil.com
David Bramhill
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser and Joint Broker
Matthew Johnson
Richard Hail
Caroline Rowe
Shore Capital +44 (0)20 7408 4090
Joint Broker
Toby Gibbs
Iain Sexton
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
CARXBLFXLVLXBBB
(END) Dow Jones Newswires
August 30, 2022 09:31 ET (13:31 GMT)
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