Union Jack Oil plc’s new board has 24.39% support from shareholders to reject Reabold Resources plc’s £6.14m offer.
Tag: Reabold Resources plc
Reabold rebuffs Union Jack board’s rejection of offer
Reabold has pushed back against Union Jack’s new board, describing its rejection of the £6.14m bid as “self-serving” and “misleading”.
Reabold support unchanged for Union Jack offer
“Reabold reports 5.7% shareholder support for its takeover offer for Union Jack Oil, following a formal rejection by Union Jack’s board.”
Rathlin JV prepares to test A-2 well at West Newton
A feasibility study has also started to evaluate the potential for power generation and data centre assets, using gas produced from the field.
Reabold approval reaches 5.7% for Union Jack offer
Reabold Resources plc said it had received further shareholder acceptances, now reaching 5.7%, as at 26 August 2026 in support of its £6.14 million offer for Union Jack Oil plc. The total represents 8,352,272 Union Jack shares, which at the end of July had 146,565,896 shares in issue. Reabold’s offer remains open until the unconditional […]
Reabold progresses £6.14m bid for Union Jack
Reabold Resources plc has progressed its takeover of Union Jack Oil plc by receiving initial shareholder acceptances of its £6.14 million offer. As at 19 August 2026 the investment company had counted acceptances for 3,437,504 Union Jack shares, representing approximately 2.35% of its issued share capital. These comprise 305,650 shares (0.2%) and a further 3,132,144 […]