Director Dealings Disclosure
Union Jack Oil plc has issued a clarification regarding director dealings in relation to the recommended all-share offer from Reabold Resources plc. The company inadvertently omitted that on July 23, 2025, Executive Chairman David Bramhill and Executive Director Joseph O'Farrell each subscribed for 300,000 shares at 5 pence per ordinary share. Following these subscriptions, David Bramhill now holds 716,646 shares, representing 0.49% of voting rights, and Joseph O'Farrell holds 2,331,314 shares, representing 1.53% of voting rights. The offer document's statements regarding their shareholdings accurately reflect the impact of these transactions.
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On 1 July 2026, the board of directors of Reabold Resources plc ("Reabold"), the investing company focused on developing strategic gas projects for European energy security, announced that it had reached agreement on the terms of a recommended all share offer by Reabold for Union Jack to be effected by means of a UK Takeover Code (the "Code") offer within the meaning of Part 28 of the CA 2006 (the "Offer").
Further to that announcement, Union Jack and Reabold announced on 29 July 2026 that the offer document containing the full terms and conditions of the Offer and the procedures for acceptance of the Offer (the "Offer Document") had been published and was made available to Union Jack Shareholders and to persons with information rights, together with (for those Union Jack Shareholders who hold their Union Jack Shares in certificated form) the related Form of Acceptance. Capitalised terms used but not defined in this announcement have the meanings given to them in the Offer Document.
Director Dealings Omission
Paragraph 4.3(d) of Part VII of the Offer Document inadvertently stated that during the disclosure period, being the period which began on 15 June 2025 (the date 12 months before the start of the Offer Period) and ending on 28 July 2026 (being the latest practicable date before the publication of the Offer Document), no dealings in relevant Union Jack securities by Union Jack Directors (and their close relatives, related trusts and connected persons) had taken place.
The following details should have been included: on 23 July 2025, David Bramhill, Executive Chairman and Joseph O'Farrell, Executive Director each subscribed for 300,000 shares at 5 pence per ordinary share. As a result, David Bramhill holds 716,646 ordinary shares in Union Jack, representing 0.49 per cent. of the total voting rights and Joseph O'Farrell holds 2,331,314 ordinary shares in Union Jack, representing 1.53 per cent. of the total voting rights of Union Jack. For the avoidance of doubt, all statements in the Offer Document regarding the shareholdings of David Bramhill and Joseph O'Farrell correctly reflect the effect of these subscriptions.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.