UK Oil & Gas PLC: Updates on Capital Reorganization and General Meeting Adjournment

2024-02-16 18:38:07

UK Oil & Gas PLC – a London-based exploration and production company focused on projects in the UK and Turkey – says that following questions from shareholders it is taking further advice regarding the reorganization of its capital and associated resolutions proposed at Friday’s general meeting. As a result, she decided to adjourn the meeting “for the time being”.

“Further announcements detailing a new date, time and revised voting instructions in relation to the adjourned meeting will follow in due course,” UK Oil says.

Current share price: 0.0091 pence, down 9.0%.

Variation over 12 months: down 85%

By Sophie Rose, senior journalist at Alliance News

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