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Company Announcements

Potential Equity Placing

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RNS Number : 9592O
JKX Oil & Gas PLC
02 June 2015
 



 

 

JKX OIL & GAS plc ("Company")

 

Potential Equity Placing

 

The Board of Directors of the Company announces that it has today entered into an agreement with the trustee of the JKX Employee Benefit Trust ("EBT"), under the Company's existing authority, to enable the EBT to subscribe over the next twelve months for shares in the Company at a market-based price. The subscription would not exceed in total five per cent of the Company's existing issued share capital.

 

The purpose of the proposed equity placing is to provide additional liquidity to the Company and to enable the EBT to have the ability (as required) to subscribe for additional shares in order to meet the purposes of the existing approved employee share schemes. It is not the intention of the EBT to increase its overall holding in the equity of the Company beyond what is required for the purposes of the existing approved employee share schemes.   

   

 

 

For further information please contact

 

Cardew Group                                                                                                T: 020 7930 0777

Anthony Cardew:                                                                                            M: 07770 720 389

Nadja Vetter:                                                                                                   M: 07941 340 436


This information is provided by RNS
The company news service from the London Stock Exchange
 
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