UK Oil & Gas Investments (GB:UKOG) has released an update.
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UK Oil & Gas PLC has enhanced its Employee Benefit Trust (EBT) by subscribing for additional shares to maintain the EBT’s stake at 10% of the company’s issued share capital. The shares were acquired at nominal value and will be held in trust for employee and director incentives under the company’s Share Incentive Plan. The new shares are expected to be admitted to trading on the AIM market by early August 2024, which will subsequently affect the company’s total voting rights.
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