Jersey Oil & Gas plc announced it had raised £15 million from an oversubscribed placing by way of an accelerated bookbuild.
DIRECTOR DEALINGS
The funds were raised through the placing of 9,054,548 new ordinary shares (placing shares) and a subscription for 36,361 new ordinary shares (subscription shares) at an issue price of 165 pence per share.
| Director | Role | No. of existing Ordinary Shares | % of Existing Ordinary Share Capital | Number of Subscription Shares subscribed for | No. of Ordinary Shares to be held immediately following Admission | % of Enlarged Share Capital immediately following Admission |
| Andrew Benitz | CEO | 641,942 | 2.94% | 9,090 | 651,032 | 2.11% |
| Vicary Gibbs | CFO | 16,500 | 0.08% | 6,060 | 22,560 | 0.07% |
| Ronald Lansdell | COO | 1,013,590 | 4.64% | 15,151 | 1,028,741 | 3.33% |
| Marcus Stanton | Non-Executive Chairman | 100,000 | 0.46% | 6,060 | 106,060 | 0.34% |
JOG also hopes to raise up to a further £2 million from qualifying participants at the issue price.
Edit on 14 April 2021: Jersey Oil & Gas announced it had raised total gross proceeds from the fundraising of approximately £16.61 million.