Exercise of warrants and TVR
Summary by AI BETAClose X
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas
29 October 2026
United Oil & Gas plc
(“United” or “the Company”)
Exercise of Warrants and Total Voting Rights
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 is pleased to announce the exercise of a total of 226,249,999 warrants at an exercise price of £0.00225 per share, raising £509,062.50 in proceeds for the Company.
The warrants were issued as part of the fundraising in October 2025 and were approved at the General meeting on 27 October 2025. As a result, 226,249,999 new Ordinary Shares of £0.00001 each (the “New Ordinary Shares”) will be issued to the relevant warrant holders.
Before their expiry on 28 October 2026, 557,333,332 warrants were exercised at £0.00225 each, generating total proceeds of £1,254,000 for the Company.
Admission to Trading and Total Voting Rights
Application will be made to the London Stock Exchange for the 226,249,999 New Ordinary Shares to be admitted to trading on AIM (the “Admission”). It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on or around 4 November 2026.
The New Ordinary Shares will be issued and credited as fully paid and from Admission will rank pari passu in all respects with the existing Ordinary Shares in the Company including for all dividends and other distributions declared, made or paid after the Admission of those New Ordinary Shares.
Following Admission, the Company’s enlarged issued share capital will be 5,193,355,200 Ordinary Shares with voting rights. From Admission, the above figure may be used by shareholders as the denominator for the calculations by which they determine whether 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.
**ENDS**
|
Enquiries |
|
|
|
United Oil & Gas Plc (Company) |
|
|
|
Investor |
|
info@uogplc.com |
|
|
|
|
|
Beaumont Cornish Limited (Nominated Adviser) |
|
|
|
Roland Cornish | Felicity Geidt | Asia Szusciak |
|
+44 (0) 20 7628 3396 |
|
Tennyson Securities (Joint Broker) |
|
|
|
Peter Krens |
|
+44 (0) 20 7186 9030 |
|
|
|
|
|
Shard Capital Limited (Joint Broker) Damon Heath | Isabella Pierre |
|
+44 (0) 207 186 9900 |
|
|
|
|
Beaumont Cornish Limited (“Beaumont Cornish”) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Distribution: This announcement has been notified via a Regulatory Information Service and it is not authorised for distribution into North America or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of that jurisdiction.
Notes to Editors
United Oil & Gas is an oil and gas company with a development asset in the UK and a high impact exploration licence in Jamaica.
The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.
United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit www.uogplc.com
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 2 days ago City of London Investment Group
- 2 days ago Aberdeen Group plc
- 2 days ago NATWEST GROUP
- 2 days ago Ondo Insurtech
- 2 days ago Banco Santander S.A.