17:00 Fri 13 Jun 2014
Union Jack Oil PLC - £1.4 million Placing
("Union Jack" or "the Company")
The Directors of
The net proceeds from the Placing will provide the Company with working capital and the ability to be active in bidding for certain interests on the 14th Onshore
"We are delighted with the result of the significantly oversubscribed Placing and I would like to thank Shore Capital,
Admission
The Placing Shares will rank pari passu in all respects with the existing ordinary shares. Application has been made to the
The Company does not hold any shares in treasury and the above figure may therefore be used by shareholders as the denominator for the calculation to determine whether they are required to notify their interest in, or a change to their interest in, the Company under the
Holdings on Completion of the Placing
The Directors' interests in the Company's issued share capital following completion of the Placing are set out below.
|
Prior to the Placing |
Placing Shares |
Following the Placing |
|
|
Number |
Percentage of Issued Share Capital |
||
Executive Chairman |
44,664,580 |
4,000,000 |
48,664,580 |
2.90 |
Executive Director |
105,664,180 |
2,000,000 |
107,664,180 |
6.41 |
Non-Executive Director |
9,200,000 |
- |
9,200,000 |
0.55 |
Non-Executive Director |
10,000,000 |
- |
10,000,000 |
0.59 |
Notes:
1.
2. Joseph O`Farrell is a director and owner of 50 per cent. of the issued share capital of
3.
For further information please contact:
|
+44 (0) 77871 60682 |
Shore Capital Nominated Adviser Bidhi Bhoma, Corporate Broking
|
+44 (0) 20 7408 4090
|
Joint Broker
|
+44 (0) 20 7382 1100
|
Public Relations |
+44 (0)7768 537 739 +44 (0)7799 003 220 |
|
|
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