Laytons ETL’s Equity Capital Markets team advised AIM-quoted United Oil & Gas Plc (the Company), the oil and gas company with a high impact exploration asset in Jamaica and development asset in the UK, on their recent oversubscribed fundraising of £2.33 million for the proposed issue of a total of 1,552,532,979 of new ordinary shares (the Fundraising).
The Fundraising comprises a conditional placing by the Company’s joint brokers Tennyson Securities and Shard Capital Limited who conditionally raised gross process of approximately £2.22 million (the Placing) together with an additional approximate £0.1m through direct subscriptions (the Subscription) with the Company. As part of the Fundraising, participants will be granted one warrant to subscribe for one new ordinary share for every share subscribed for in the Fundraising.
The Fundraising is conditional, among other things, on shareholders’ approval. The Company has convened a shareholder meeting to be held on 27 October 2025 to propose the requisite resolutions.
More details on the Fundraising can be found here Conditional Fundraising to Deliver Piston Coring - 07:00:10 07 Oct 2025 - UOG News article | London Stock Exchange
Our Equity Capital Markets team was led by Joan Yu (Partner and Head of Corporate) and supported by Cameron Sutton (Associate).
