Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
UK Oil & Gas Investments ( (GB:UKOG) ) just unveiled an update.
UK Oil & Gas PLC has announced a significant update regarding its Employee Benefit Trust (EBT) shareholding. The company has subscribed for 960,427,000 ordinary shares to restore the EBT’s holding to 10% of the company’s issued share capital. This move is part of an employee share incentive plan designed to benefit eligible employees and directors. The shares will be admitted to trading on AIM following the lifting of the company’s share suspension, impacting the total voting rights and share capital structure.
More about UK Oil & Gas Investments
UK Oil & Gas PLC is a company operating in the oil and gas industry, primarily focused on exploration and production activities. The company is listed on the London AIM and engages in developing energy resources within the UK.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.69M
For a thorough assessment of UKOG stock, go to TipRanks’ Stock Analysis page.