Blocklisting update, PDMR dealings and TVR
United Oil & Gas PLC has provided an update on its blocklisting arrangements, confirming the expiry of its April 26 Warrants on April 24, 2026. During the period from February 26, 2026, to April 24, 2026, the company issued 320,166,666 ordinary shares from warrant exercises, raising approximately £485,667 in gross proceeds. Additionally, a Non-Executive Director exercised 833,333 warrants at £0.0028 each, resulting in a new shareholding of 3,333,333 ordinary shares. Following these exercises, the company's total issued share capital is now 4,386,021,868 ordinary shares, representing the total number of voting rights.
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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, provides the following update in accordance with Schedule Six of the AIM Rules for Companies regarding its existing block listing arrangements.
| Name of company | United Oil & Gas PLC |
| Name of scheme | April 26 Warrants |
| Period of return (from/ to) | 26 February 2026 to 24 April 2026 |
| Number and Class of Securities not issued at the start of the period under the scheme | 330,000,000 Ordinary Shares of £0.00001 each ("Ordinary Shares") |
| Number of securities issued under the scheme during the period | 320,166,666 Ordinary Shares |
| Balance under the scheme of securities not yet issued at the end of the period | N/A - the scheme expired on 24 April 2026* |
| Number and class of securities originally admitted and the date of admission | 619,153,969 on 28 February 2020 |
*It should be noted that there was a typographical error in the Blocklisting Application announcement published on 20 February 2026 The expiry date of the April 26 Warrants is 24 April 2026 (not 23 April 2026 as stated).
The blocklisting scheme covered warrants issued in January 2025 and March 2024, with exercise prices of 0.15p and 0.28p per Ordinary Share respectively, all of which expired on 24 April 2026 and thus are no longer exercisable. Prior to expiry, the Company received valid notices to exercise:
- 316,000,000 at 0.15p warrants, resulting in the issue of 316,000,000 new ordinary shares and gross proceeds of £474,000; and
- 4,166,666 0.28p warrants, resulting in the issue of 4,166,666 new ordinary shares and gross proceeds of £11,667.
In aggregate, the Company has issued 320,166,666 new Ordinary Shares pursuant to warrant exercises under its blocklisting raising total gross proceeds of approximately £485,667.
Director dealings
Iman Hill, the Non-Executive Director of United, exercised 833,333 of her £0.0028 warrants on Friday 24 April 2026. Following, the exercise of the warrants, Iman Hill's shareholding in the Company is 3,333,333 Ordinary Shares representing 0.076% of the Company's issued share capital.
Total Voting Rights
Following the warrant exercises under the blocklisting scheme, the Company's issued share capital now comprises 4,386,021,868 ordinary shares with voting rights. Therefore, the total number of voting rights in the Company is 4,386,021,868. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.