Union Jack Oil PLC Transaction in Own Shares (4056E)

TIDMUJO

RNS Number : 4056E

Union Jack Oil PLC

28 October 2022

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

28 October 2022

Union Jack Oil plc

("Union Jack" or the "Company")

Transaction in Own Shares

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company, is pleased to announce that it has purchased a total of 200,000 of its ordinary shares of 5 pence each in the capital of the Company (the "Shares") through the Company's Broker, SP Angel Corporate Finance LLP, as follows.

 
 Date of purchase                     27 October 2022 
 Number of Shares purchased           200,000 Shares 
                                     ---------------- 
 Highest price paid per Share           31.65 pence 
                                     ---------------- 
 Lowest price paid per Share            30.94 pence 
                                     ---------------- 
 Volume weighted average price paid    31.295 pence 
  per Share 
                                     ---------------- 
 

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, to date the Company has purchased 200,000 Shares in Treasury.

Following the above purchase, the Company holds 200,000 of its Shares in Treasury and has 112,865,896 Shares in issue (including Shares held in Treasury). Therefore, the total voting rights in the Company will be 112,665,896 (excluding Shares held in Treasury). This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact

Union Jack Oil plc [e-mail]

David Bramhill

SP Angel Corporate Finance LLP [phone]

Nominated Adviser and Joint Broker

Matthew Johnson

Richard Hail

Caroline Rowe

Shore Capital [phone]

Joint Broker

Toby Gibbs

Iain Sexton

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October 28, 2022 02:00 ET (06:00 GMT)