Reabold Resources plc’s offer for Union Jack Oil plc has lapsed after failing to gain more than 75% of Union Jack’s voting rights.
Tag: Union Jack Oil plc
Reabold support for Union Jack offer rises to 9.5%
Support for Reabold Resources’ £6.14 million offer for Union Jack Oil has risen to 9.5%, compared with 24.39% opposing the bid.
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
Union Jack support increases to reject Reabold bid
Union Jack Oil plc’s new board has 24.39% support from shareholders to reject Reabold Resources plc’s £6.14m offer.
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”.