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United Oil & Gas PLC - Result of General Meeting

RNS Number : 8366X
United Oil & Gas PLC
23 December 2019
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD VIOLATE THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN UNITED OIL & GAS PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON, IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF UNITED OIL & GAS PLC.

 

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

23 December 2019

United Oil & Gas PLC ('United' or 'UOG' or 'the Company')

Result of General Meeting

And Update on Rockhopper Acquisition

 

United Oil & Gas PLC (AIM: "UOG"), the AIM traded oil and gas exploration and development company, is pleased to announce that at the Company's General Meeting held earlier today, all resolutions, as set out in the Circular comprising an AIM Admission Document dated 6 December 2019, were duly passed.

Accordingly, the acquisition of Rockhopper Egypt Pty Limited which owns a 22 per cent. non-operated working interest in the Abu Sennan Concession and associated development leases in Egypt, is now conditional only upon:

-   EGPC and the Minister of Petroleum and Mineral Resources of Egypt approving the deed of assignment to the Rockhopper Acquisition; and

-   the Rockhopper Acquisition Agreement; the BP facility and the Placing Agreement becoming unconditional save for Admission.

The Deed of assignment from EGPC and the Minister of Petroleum and Mineral Resources of Egypt and Admission are expected during January.

Accordingly, application will be made to the London Stock Exchange for the Enlarged Ordinary Share Capital comprising 619,153,969 Ordinary Shares to be admitted to trading on AIM. A further announcement confirming the Admission date will be made in due course.

Defined terms used in this announcement have the meanings ascribed to them in the Admission Document.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

 

For further information please visit the Company's website at www.uogplc.com or contact:

United Oil & Gas Plc (Company)

 

Brian Larkin, CEO

[email protected]

Beaumont Cornish Limited (Nominated Adviser)

 

Roland Cornish and Felicity Geidt

+44 (0) 20 7628 3396

Optiva Securities Limited (Joint Broker)

 

Christian Dennis

+44 (0) 20 3137 1902

Cenkos Securities Plc (Joint Broker)

 

Joe Nally (Corporate Broking)

Derrick Lee and Pete Lynch

 +44 (0) 20 7397 8900

+44 (0) 131 220 6939

Murray (PR Advisor)

+353 (0) 87 6909735

Joe Heron

[email protected]

 

 

St Brides Partners (Financial PR/IR)

 

Frank Buhagiar and Priit Piip

+44 (0) 207 236 1177

 


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Quick facts: United Oil & Gas PLC

Price: 2.875

Market: AIM
Market Cap: £9.94 m
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