Support for Reabold Resources’ £6.14 million offer for Union Jack Oil has risen to 9.5%, compared with 24.39% opposing the bid.
Tag: shareholder acceptances
Reabold support for Union Jack takeover edges higher
Reabold Resources’ support has edged higher to 6.8% for its £6.14 million takeover of Union Jack Oil, whose new board maintains 24.39% against the offer.
Reabold support increases slightly for £6.14m takeover
Support for Reabold Resources’ £6.14m offer for Union Jack Oil plc has reached 6.2% as Union Jack half-year revenue grows to £1.6m
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.”
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 […]