Union Jack Oil plc (LSE:UJO) has announced plans to hold a general meeting to consider the issuance of both Fundraise Warrants and Bonus Warrants. If approved, this will give shareholders the opportunity to subscribe for up to 76,641,474 Ordinary Shares.
The proposal follows feedback from investors and is designed to ensure that all shareholders can participate in the company’s future growth. The warrants will be exercisable at a price of 8 pence per share for a period of two years. They are not expected to be traded on AIM. The outcome of this meeting may play a key role in shaping the company’s future capital structure and strengthening shareholder engagement.
About Union Jack Oil plc
Union Jack Oil is engaged in the exploration, development, and production of onshore hydrocarbon assets in the UK and the USA. Operating within the energy sector, the company focuses on identifying and developing oil and gas resources to support its growth strategy.
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