TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Union Jack Oil ( (GB:UJO) ) has provided an update.
Union Jack Oil plc has announced a general meeting to discuss the issuance of Fundraise Warrants and Bonus Warrants, allowing shareholders to subscribe for up to 76,641,474 Ordinary Shares. This move follows shareholder feedback and aims to provide all shareholders with an opportunity to participate in the company’s future success. The warrants will be exercisable at 8 pence for two years and are not intended to be traded on AIM. The outcome of the general meeting could significantly impact the company’s capital structure and shareholder engagement.
More about Union Jack Oil
Union Jack Oil plc is a company focused on onshore hydrocarbon production, development, and exploration in the UK and USA. The company operates within the energy sector, specifically targeting oil and gas resources.
Average Trading Volume: 755,607
Technical Sentiment Signal: Sell
Current Market Cap: £7.11M
See more insights into UJO stock on TipRanks’ Stock Analysis page.