Union Jack Oil PLC Capital Reduction Update (3111V)
09 August 2022 - 4:00PM
UK Regulatory
TIDMUJO
RNS Number : 3111V
Union Jack Oil PLC
09 August 2022
9 August 2022
Union Jack Oil plc
("Union Jack" or the "Company")
Capital Reduction Update
Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon
production, development and exploration company is pleased to
announce a further update on the reduction of capital exercise that
is being pursued following the passing of a special resolution of
the Company at its Annual General Meeting on 23 June 2022 ("Capital
Reduction").
An application to the High Court of Justice has been made and an
initial hearing has been scheduled for 12 August 2022. A final
hearing for the Court to consider the Capital Reduction has been
scheduled for 30 August 2022. The timing and approval of the
Capital Reduction remains at the discretion of the Court.
The Company will announce any further developments in due
course.
For further information, please contact
Union Jack Oil plc info@unionjackoil.com
David Bramhill
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser and Joint Broker
Matthew Johnson
Richard Hail
Caroline Rowe
Shore Capital +44 (0)20 7408 4090
Joint Broker
Toby Gibbs
Iain Sexton
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