Union Jack Oil PLC Response to Market Speculation (2125M)
September 17 2021 - 12:41PM
UK Regulatory
TIDMUJO
RNS Number : 2125M
Union Jack Oil PLC
17 September 2021
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
17 September 2021
Union Jack Oil plc
("Union Jack" or the "Company")
Response to Market Speculation
Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional
hydrocarbon production, development and exploration company, notes
recent market speculation and confirms that it is considering a
potential equity fundraising to assist principally the funding of
the proposed purchase of a further 25% interest in the Claymore
Piper Complex Royalty Units as disclosed in the Interim Results
released on Monday 13 September 2021, to upgrade certain producing
assets to enhance cashflow and to progress the Company's other
appraisal projects.
There is no certainty that the potential fundraising will
proceed. A further announcement will be made in due course.
For further information, please contact:
Union Jack Oil plc +44 (0)7801 540 358
David Bramhill
SP Angel Corporate Finance
LLP +44 (0)20 3470 0470
Nominated Adviser and Broker
Richard Morrison
Richard Hail
Caroline Rowe
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