UK Oil and Gas plc has raised £55,537 from its retail offer by issuing 222,148,000 new ordinary shares of £0.000001 each at 0.025 pence per share. The offer to the company’s existing retail shareholders is separate to earlier placing which raised £500,000. Following admission UKOG’s voting rights will total 13,362,909,833.
Tag: UK Oil & Gas plc (UKOG)
UKOG appoints Kris Bone as chief technical officer
UK Oil & Gas plc has appointed Kristopher Bone as an executive director and chief technical officer, among other board changes. Mr Bone, who joined UKOG in 2019, is a petroleum engineer and chartered chemical engineer with 25 years’ experience in the petroleum, underground gas storage and energy development sectors. He has technical knowledge, leadership […]
UKOG raises £248,204 via retail offer
UK Oil and Gas plc has raised approximately £248,204 via a retail offer for 496,408,000 new ordinary shares of £0.000001 each in the company, at 0.05 pence per share. The funds raised add to the company’s 37% discounted placing on 5 August, which raised £1 million at the same price per share. Issue of shares is […]
UKOG issues shares for employee benefit scheme
UK Oil & Gas plc directors agreed a subscription of 476,897,760 ordinary shares to take its employee benefit trust to the original 10% level of the company’s issued share capital. PLACING Employee benefit trustees trustees, Altum Trustees Ltd, subscribed for the ordinary shares at a price per share of £0.000001. The company said that the move […]
UKOG becomes debt free
UK Oil & Gas plc has fully repaid the balance of the convertible loan facility with RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The company, with assets in the UK and Turkey, said it was now debt free. The £2m loan dated from 2023.
UKOG raises £500,000 via discounted placing
UK Oil & Gas plc has raised £500,000 via a 28% discounted placing of 3,333,333,333 new ordinary shares at 0.015 pence per share. The total number of voting rights in the company is 8,167,456,073. Proceeds will first repay in full the balance of the convertible funding facility with RiverFort Global Opportunities PCC Ltd and YA […]