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Union Jack Oil plc purchased 150,000 of its ordinary shares on May 31, 2023, through SP Angel Corporate Finance LLP and Shore Capital Group Limited. The shares were acquired at prices ranging from 26.7 pence to 26.95 pence, with a volume weighted average price of 26.87 pence. The Company intends to hold these shares in Treasury, bringing its total shares held in Treasury to 4,075,000 and the total voting rights in the Company to 108,790,896.
| Date | 1 Jun 2023 |
| Time | 07:00:10 |
| Category | Capital structure |
| ID | 2566B |
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.
1 June 2023
Union Jack Oil plc
("Union Jack" or the "Company")
Transaction in Own Shares
Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company, is pleased to announce that it has purchased a total of 150,000 of its ordinary shares of 5 pence each (the "Shares") through SP Angel Corporate Finance LLP and Shore Capital Group Limited as detailed below.
|
Date of purchase |
31 May 2023 |
|
Number of Shares purchased |
150,000 Shares |
|
Highest price paid per Share |
26.95 pence |
|
Lowest price paid per Share |
26.7 pence |
|
Volume weighted average price paid per Share |
26.87 pence |
The Company intends to hold the purchased Shares in Treasury.
Including Shares which have been purchased but not yet settled, to date the Company has purchased 4,075,000 Shares in Treasury.
Following the above purchase, the Company holds 4,075,000 of its Shares in Treasury and has 112,865,896 Shares in issue (including Shares held in Treasury). Therefore, the total voting rights in the Company will be 108,790,896 (excluding Shares held in Treasury). This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information, please contact
Union Jack Oil plc [email protected]
David Bramhill
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser and Joint Broker
Matthew Johnson
Richard Hail
Kasia Brzozowska
Shore Capital +44 (0)20 7408 4090
Joint Broker
Toby Gibbs
Iain Sexton