UK Oil & Gas PLC has changed its name to UK Energy Group PLC (LSE:UKOG) as the company shifts its focus from UK onshore oil and gas towards geological hydrogen storage and related clean power activities.
The company’s strategy is centred on hydrogen storage projects being progressed through its subsidiary, UK Energy Storage Ltd. UK Energy Group also said its strategy allows for potential expansion into international energy ventures.
The name change is being reflected on the London Stock Exchange through a new ticker and corporate website. The company’s ISIN remains unchanged.
UK Energy Group said the rebranding does not affect existing shareholder rights, while current share certificates remain valid.
The change follows the company’s exit from the UK onshore oil and gas segment and is intended to align its corporate and market identity with its current energy activities.
More about UK Energy Group PLC
UK Energy Group PLC, formerly UK Oil & Gas PLC, is an energy company focused on geological hydrogen storage and associated clean power projects.
Its hydrogen storage activities are being developed through UK Energy Storage Ltd.
Following its move away from UK onshore oil and gas, the company is concentrating on hydrogen storage infrastructure while retaining the option to pursue energy projects internationally.
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