UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) has told DirectorsTalk that it has received notice of the exercise of warrants to subscribe for a total of 10,666,666 new ordinary shares in the Company. The exercise price of the warrants was 2.25 pence. The Company has received £240,000 in respect of this exercise.
Application has been made for these New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 7 March 2016.
Following Admission, the Company’s enlarged issued share capital will comprise 2,040,950,686 ordinary shares. The Company does not hold any shares in treasury. This figure of 2,040,950,686 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.
