Blocklisting Application
United Oil & Gas Plc has applied to the London Stock Exchange for a blocklisting of 330,000,000 ordinary shares to accommodate the exercise of warrants by a warrant holder. These warrants have an exercise price of £0.0015 per ordinary share and expire on April 23, 2026. The new shares, expected to be admitted around February 26, 2026, will rank equally with existing ordinary shares and will provide additional headroom for the issuance of shares upon warrant exercise.
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United Oil & Gas Plc (AIM: UOG), the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK announces that it has made an application to the London Stock Exchange for a blocklisting of 330,000,000 ordinary shares in the capital of the Company. The Company has today received a notice from a warrant holder to exercise their warrants and the resultant ordinary shares will be incorporated into the block listing.
It is expected that admission will become effective on or around 26 February 2026. The New Blocklisting Shares will be used to provide additional headroom to satisfy the issue of shares pursuant to the exercise of warrants with an exercise price of £0.0015 per ordinary share, and with expiry date of 23 April 2026 (the "April 26 Warrants"). The New Blocklisting Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.