Union Jack Oil plc has received a non-binding, indicative and undisclosed all-share offer from investor Reabold Resources plc. DEBT Following receipt of the offer by letter on 1 June 2026, Union Jack said it had provided due diligence access to Reabold. “Discussions with Reabold are ongoing and there can be no certainty that any offer will be forthcoming […]
Tag: shareholders’ vote
Union Jack directors face ousting from board
Union Jack Oil plc has accused a proposed director of the company of “opportunistically trying to gain control of the company” and to remove serving directors. ‘CAMPAIGN’ Craig Howie, initially appointed in April 2024 as a non-executive director, left on 12 January 2026, by a board resolution. Mr Howie is reported to have sent a letter to […]
Reabold raises £687,000
Reabold Resources plc has raised £686,800 via a conditional subscription for 686,800,000 new ordinary shares of 0.1 pence each in the company, at 0.1 pence per share. DIRECTORS The company has also proposed a share consolidation, subject to shareholder approval. The subscription adds to the £1.51 million and £1.9m raised during March 2026, and takes […]
Red Rock NED steps down
Red Rock Resources plc non-executive director Sam Quinn has stepped down as non-executive director. BOARD The company said that Mr Quinn had asked that his name not be put forward for re-election at the company’s general meeting on 19 February 2026. “We are sorry to see Sam Quinn depart as a director, and are grateful for his […]
Beacon prepares for vote on Colle Santo deal
Beacon Energy plc said it had published its admission document, dated 17 February, in connection with its proposed purchase of an interest in the Colle Santo gas field in Italy. SHAREHOLDERS The company’s share purchase agreement with Reabold Resources plc will result in an investment in LNEnergy Ltd, which owns 90% of the project. In […]
Europa raises £641,000 from retail offer
Europa Oil & Gas (Holdings) plc has raised £641,176.89 from its retail offer of 53,431,408 new ordinary shares, each at 1.2 pence, and up to 13,357,852 warrants. TVRs The company said it had increased the size of the offer, originally set at £350,000, for existing shareholders. Europa subsequently had to scale back the offer to […]