United Oil & Gas Applies for Blocklisting: What Investors Necessitate to Know
United Oil & Gas PLC (AIM: UOG) has announced an application to the London Stock Exchange for a blocklisting of 330,000,000 ordinary shares. This move comes following a notice from a warrant holder to exercise their warrants, with the novel shares intended to provide headroom for this exercise. The admission is expected around February 26, 2026.
Understanding the Blocklisting and its Implications
A blocklisting allows a company to pre-approve a certain number of shares for trading, streamlining the process when shares are issued, such as through warrant exercises. In this case, the warrants have an exercise price of £0.0015 per share and expire on April 23, 2026. The newly listed shares will rank equally with existing ordinary shares.
United Oil & Gas: A Snapshot
United Oil & Gas is an oil and gas company focused on development assets in the UK and exploration opportunities in Jamaica. The company is led by an experienced management team and aims to deliver growth through portfolio optimization and strategic acquisitions.
Recent Performance and Market Context
As of February 20, 2026, United Oil & Gas shares were trading at GBX 0.195, down 4.88% on the day. The company’s market capitalization is approximately £7.928M. The blocklisting application suggests confidence in the company’s ability to attract investment and manage its capital structure.
Key Contacts for Investors
Investors with questions can reach out to:
- Brian Larkin, CEO: [email protected]
- Beaumont Cornish Limited (Nominated Adviser): +44 (0) 20 7628 3396
- Tennyson Securities (Joint Broker): +44 (0) 20 7186 9030
- Shard Capital Limited (Joint Broker): +44 (0) 20 7186 9900
Frequently Asked Questions
What is a warrant? A warrant gives the holder the right, but not the obligation, to purchase shares of a company at a specific price within a certain timeframe.
What does ‘pari passu’ mean? ‘Pari passu’ is a Latin term meaning “equal footing.” it means the new shares will have the same rights and privileges as existing shares.
Where can I find more information about United Oil & Gas? Visit the company’s website at www.uogplc.com.
What is the role of a Nominated Adviser? A Nominated Adviser, like Beaumont Cornish, provides guidance to companies on the AIM market and ensures they comply with the rules and regulations.
Did you know? United Oil & Gas holds a 26.25% non-operated working interest in the Waddock Cross Oil Field located in Dorset, UK.
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