Upland Resources Limited Exercise of Warrants (7081S)
08 November 2019 - 6:00PM
UK Regulatory
TIDMUPL
RNS Number : 7081S
Upland Resources Limited
08 November 2019
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.
8 November 2019
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 25 November
2016 (in connection with the Placing carried out by the Company in
November 2016) to subscribe for 6,336,154 new shares of no par
value each in the Company ("New Ordinary Shares") at 1.3p per
share.
The Company has therefore allotted and issued the 6,336,154 New
Ordinary Shares following receipt of the aggregate GBP82,370
subscription price from Optiva. Applications will be made to the
Financial Conduct Authority ("FCA") for the New Ordinary Shares to
be admitted to listing on the Official List (standard listing
segment) of the FCA 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 Admission, the Company's
issued share capital will be 591,848,214 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
591,848,214. In addition, following Admission, Optiva now holds
36,541,684 shares of no par value in the Company which is 6.17% of
the total shares in issue.
The above figure of 591,848,214 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.
Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to
be in the public domain.
Contact details:-
Upland Resources Limited
Christopher Pitman, CEO Tel: 07891 677 441
chris.pitman@uplandres.com
=======================================
Optiva Securities Limited
=======================================
Jeremy King (Corporate Finance) Tel: 020 3137 1904
jeremy.king@optivasecurities.com
=======================================
Christian Dennis (Corporate Tel: 020 3411 1882
Broker) christian.dennis@optivasecurities.com
=======================================
FlowComms Ltd
=======================================
Sasha Sethi (Investor Relations) Tel: 07891 677 441
sasha@flowcomms.com
=======================================
FTI Consulting
=======================================
Ben Brewerton / Molly Stewart Tel: +44 (0) 20 3727 1700
uplandresources@fticonsulting.com
=======================================
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
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