Colocación exitosa
PLC de petróleo y gas del Reino Unido
("UKOG" o la "Compañía")
Colocación exitosa
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has successfully raised gross proceeds of £0.75 million by means of a placing (the "Placing") of new Ordinary Shares (the "Placing Shares") at a price of 0.02 pence per share (the "Placing Price").
The Placing Price represents a discount of 20 per cent to the Closing Price of 0.0250 pence per Ordinary Share on 11 January 2024, being the latest practicable business day prior to the publication of this Announcement.
The Placing is primarily in response to the government's newly announced acceleration of the first hydrogen storage allocation round, now scheduled to commence in Q3 2024 vs the prior Q3/Q4 2025 timeline. As the Company intends to submit a bid for an allocation award for its material hydrogen storage project in Portland, Dorset, the round's timetable now necessitates an acceleration of specific unbudgeted studies/works during 2024. The Company is also in discussion with a significant international trading house with regard to its participation in the Company's hydrogen storage project. The Placing's proceeds will also provide the Company with a further source of general working capital to progress its existing UK/Turkey projects.
Resumen de colocación
· The Placing raised £750,000 (before expenses) through the issue of 3,750,000,000 Colocación de Acciones al Precio de Colocación.
· Las Acciones de Colocación representan el 13 por ciento. del Capital Social Ampliado Emitido.
· The net proceeds of the Placing will be used as described above.
· Participants in the Placing have subscribed on the basis of the customary terms and conditions of the Placing.
La colocación
La Compañía emitirá 3,750,000,000 Placing Shares, to raise gross proceeds of £750,000 to participants in the Placing. The Placing Shares will be admitted ("Admission") to trading on the AIM market ("AIM") of London Stock Exchange plc ("LSE") on or around 18 January 2024. CMC Markets UK plc ("CMC") acted as sole bookrunner in connection with the Placing.
Stephen Sanderson, director ejecutivo de UKOG, comentó:
"The Placing's proceeds will help us to put our material Portland, Dorset salt cavern hydrogen storage project forward for an allocation award in the government's first hydrogen storage allocation round, now scheduled for Q3 2024. We are excited by the government's acceleration of the allocation round and its emphasis upon geological hydrogen storage, a welcome recent development which now makes the new hydrogen storage sector real and tangible."
Colocación de información
The Placing has not been underwritten by CMC and is conditional Entre otros on the placing agreement dated 11 January 2024 between the Company and CMC (the "Placing Agreement") not having been terminated or breached and Admission of shares to trading. The Placing has been conducted utilising the Company's existing share authorities and the Placing Agreement includes customary terms and conditions.
Las Acciones de Colocación se emitirán, acreditarán como totalmente pagadas y se clasificarán pari passu con las Acciones Ordinarias existentes en emisión en el capital de la Compañía, incluido el derecho a recibir todos los dividendos y otras distribuciones (si las hubiera) declaradas, realizadas o pagadas. en o con respecto a dichas acciones después de la fecha de su emisión.
CMC has been appointed joint broker to the Company following the Placing.
Admisión a cotización
Application will be made to the LSE for Admission, which is expected to become effective and dealings in the Placing Shares to commence at, 8.00 a.m. on or around 18 January 2024.
The total voting rights in the Company is therefore 28,658,513,710 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.
Para más información, por favor póngase en contacto con:
Petróleo y gas del Reino Unido plc
Stephen Sanderson/ Allen D Howard/ Guzyal Mukhametzhanova Tel: 01483 941493
WH Ireland Ltd (asesor designado y Broker)
James Joyce / Andrew de Andrade/James Bavister Tel: 020 7220 1666
Comunicaciónes
brian alexander Tel: 01483 941493
La Compañía considera que la información contenida en este anuncio constituye información privilegiada bajo UK MAR
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