Upland Resources Limited Exercise of Warrants (3970F)
29 October 2018 - 6:00PM
UK Regulatory
TIDMUPL
RNS Number : 3970F
Upland Resources Limited
29 October 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer for sale, or a solicitation of
an offer to acquire, securities in any jurisdiction, including in
or into the United States, Canada, Australia, or Japan. Neither
this announcement nor any part of it shall form the basis of or be
relied on in connection with or act as an inducement to enter into
any contract or commitment whatsoever.
29 October 2018
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Exercise of Warrants
Upland Resources Limited (LSE: UPL), the oil and gas company
actively building a portfolio of attractive upstream assets,
announces that it has received an exercise notice from Optiva
Securities Limited ("Optiva") in respect of warrants issued to it
pursuant to a warrant agreement with the Company dated 14 October
2015 (in connection with the Placing carried out by the Company in
October 2015) to subscribe for 6,500,000 new shares of no par value
each in the Company ("New Ordinary Shares") at 1p per share.
The Company has therefore allotted and issued the 6,500,000 New
Ordinary Shares following receipt of the aggregate GBP65,000
subscription price from Optiva. Applications will be made to the UK
Listing Authority for the New Ordinary Shares to be admitted to
listing on the Official List (standard listing segment) of the UK
Listing Authority and to the London Stock Exchange for the New
Ordinary Shares to be admitted to trading on the London Stock
Exchange's main market for listed securities (together
"Admission").
The Company advises that, following the issue of such 6,500,000
New Ordinary Shares, the Company's issued share capital is
585,512,060 shares of no par value, each with one vote per share
(and no such shares are held in treasury). The total number of
voting rights is therefore 585,512,060. In addition, Optiva now
holds an aggregate of be 36,205,530 shares of no par value in the
Company which is 6.18% of the total shares in issue.
The above figure of 585,512,060 may be used by shareholders as
the denominator for the calculations to determine if they have a
notifiable interest in the share capital of the Company under the
FCA's Disclosure Guidance and Transparency Rules, or if such
interest has changed.
This announcement contains inside information for the purposes
of Article 7 of the Regulation (EU) No 596/2014 on market abuse
Contact details:-
Upland Resources Limited www.uplandres.com
Steve Staley, CEO Tel: 07891 677 441
s.staley@uplandres.com
=======================================
Optiva Securities Limited www.optivasecurities.com
=======================================
Jeremy King (Corporate Finance) Tel: 020 3137 1904
jeremy.king@optivasecurities.com
=======================================
Christian Dennis (Corporate Broker) Tel: 020 3411 1882
christian.dennis@optivasecurities.com
=======================================
FlowComms Ltd www.flowcomms.com
=======================================
Sasha Sethi (Investor Relations) Tel: 07891 677 441
sasha@flowcomms.com
=======================================
FTI Consulting
=======================================
Ben Brewerton / Molly Stewart Tel: +44 (0) 20 3727 1708
molly.stewart@fticonsulting.com
=======================================
Notes
Upland is an upstream oil & gas company whose highly
experienced management has a track record of creating major value
for shareholders in junior oil & gas companies, including Cove
Energy plc. The Company has extensive technical and commercial
skills and contacts, management having held senior roles in Conoco
and Shell etc.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOEUWVARWNARUUA
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