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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Upland Resources Limited | LSE:UPL | London | Ordinary Share | JE00BJXN4P16 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 1.23% | 4.10 | 4.00 | 4.20 | 4.10 | 3.95 | 4.05 | 344,042 | 09:20:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -494k | -0.0007 | -57.86 | 27.81M |
TIDMUPL
RNS Number : 2142I
Upland Resources Limited
20 March 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.
20 March 2018
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
CONVERTIBLE LOAN NOTES FACILITY - COMMISSION
Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, announces that it has today satisfied the aggregate GBP105,000 commission payable to the Facility Providers of the GBP3,500,000 Convertible Loan Notes Facility (as referred to in the Company's announcement of 8 March 2018), as to GBP65,000 in cash and as to GBP40,000 by the issue of an aggregate of 1,769,355 new shares of no par value in the Company (the "Commitment Fee Shares") at 2.261p per share.
For this purpose, the Commitment Fee Shares were valued at a 10% discount to the volume weighted average price ("VWAP") of shares of no par value in the Company over the five trading days immediately prior to today's date.
The Commitment Fee Shares represent approximately 0.385% of the Company's enlarged issued share capital.
505,530 Commitment Fee Shares (with a value of GBP11,428.56 at the discounted VWAP price) have been issued to Norza Zakaria, Chairman of the Company and one of the Facility Providers.
Application will be made to the UK Listing Authority and to London Stock Exchange plc for the Commitment Fee Shares to be admitted to listing on the standard listing segment of the Official List maintained by of the UK Listing Authority and to trading on London Stock Exchange plc's main market for listed securities (together "Admission").
This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse
Contact details:
Upland Resources www.uplandres.com Limited Steve Staley, CEO s.staley@uplandres.com Optiva Securities www.optivasecurities.com Limited Jeremy King Tel: +44 (0) 20 3137 1904 (Corporate Finance) jeremy.king@optivasecurities.com Christian Dennis Tel: +44 (0) 20 3411 1882 (Corporate Broker) christian.dennis@optivasecurities.com FTI Consulting Edward Westropp Tel: +44 (0) 203 727 1521 edward.westropp@fticonsulting.com Molly Stewart Tel: +44 (0) 20 3727 1708 molly.stewart@fticonsulting.com Flowcomms Ltd Sasha Sethi Tel: +44 (0) 7891 677441 sasha@flowcomms.com
Notes
Upland Resources Limited is an upstream oil & gas company whose highly experienced management team has a track record of creating major value for shareholders in junior oil & gas companies, including Cove Energy plc. The Company has extensive technical and commercial skills and contacts, management having held senior roles in Petronas, Conoco, Shell etc.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 20, 2018 03:01 ET (07:01 GMT)
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