Nu-Oil and Gas SUSPENDED (NUOG.L)
Update from the AIM Rule 15 cash shell. In line with the guidance issued in Inside AIM: Coronavirus - Temporary Measures 20 March 2020, the Company has been granted an extension to the deadline by which it must complete a reverse takeover (as set out in AIM Rule 15) (a "RTO") by six months from 4 November 2020. Accordingly, the Company has approximately eight months from today's date to complete a RTO.
Since the Company's last notification on 8 July 2020, the Board has progressed discussions with two counterparties who are both in the circular economy industries and specifically in plastics recycling and manufacturing. The Board expects it will be able to provide a further update shortly with further details of a proposed transaction. #NUOG
RNS Number: 3808 Y Nu-Oil and Gas PLC 09 September 2020 9 September 2020. Update on Proposed RTO Transaction. Nu-Oil and Gas PLC, the AIM Rule 15 cash shell, provides the following update..
Nu-Oil & Gas SUSPENDED (NUOG.L)
The proposed transaction, as announced on 14 April 2020, is no longer proceeding despite efforts to agree mutually acceptable terms.
NUOG's search for independent projects, of which the proposed transaction referred to above was one, has led to the development of a portfolio of other potential projects, two of which are now being actively progressed by NUOG which is now in advanced negotiations with the respective counter parties involved.
The Company was designed an AIM Rule 15 cash shell on 4 November 2019. In accordance with the provisions of AIM Rule 15, the Company's Ordinary Shares therefore remain suspended from trading on AIM until an AIM Admission Document is published in respect of a reverse takeover transaction.
The Board remains confident that it will conclude a transaction which will constitute a reverse takeover within the stipulated timeframe under AIM Rule 15 and will update shareholders accordingly. #NUOG
RNS Number: 2951 S Nu-Oil and Gas PLC 08 July 2020 8 July 2020. Update on Proposed RTO Transaction. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5288 J AIM 14 April 2020 NOTICE. TEMPORARY SUSPENSION OF TRADING ON AIM. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 4616 J Nu-Oil and Gas PLC 14 April 2020 14 April 2020. Proposed Reverse Takeover Transaction and Suspension of Trading. Whilst the commercial elements of the HoT are non-binding, the HoT do include binding provisions of, inter alia, exclusivity and transaction fees of the counterparty up to £60,000, which combined with the Company entering into...
RNS Number: 9023 I Nu-Oil and Gas PLC 06 April 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 1230 I Nu-Oil and Gas PLC 31 March 2020 31 March 2020. -Raise of £500,000 (gross proceeds) via an issue of new ordinary shares. ·The Company's largest third-party debt was refinanced through the issue of £2.5 million of new Loan Notes to C4 Energy Ltd in place of the existing debt owing.
Nu-Oil and Gas #NUOG 0.0225p £0.77m
The AIM Rule 15 cash shell, has updated shareholders.
As a result of, inter alia, commodity price volatility over several months and, more specifically, the last few weeks, the Company is evaluating potential reverse takeover targets across all sectors and not solely in oil and gas, which had been the Company's intended target space as announced on 11 October 2019.
The Company has particularly focused its efforts on the environmental industries sector and is pleased to confirm that it is in discussions with several potential targets.
RNS Number: 3638 G Nu-Oil and Gas PLC 17 March 2020 17 March 2020. Nu-Oil and Gas Plc, the AIM Rule 15 cash shell, provides the following update to shareholders.. Furthermore, the Company considers the recent UK Budget announcement in which the Chancellor of the Exchequer proposed a tax on all domestically-manufactured or imported packaging containing less than...
RNS Number: 0922 E Nu-Oil and Gas PLC 25 February 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0537 E Nu-Oil and Gas PLC 25 February 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2051 D Nu-Oil and Gas PLC 17 February 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2053 D Nu-Oil and Gas PLC 17 February 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 8211 C Nu-Oil and Gas PLC 12 February 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 8198 C Nu-Oil and Gas PLC 12 February 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 8091 C Nu-Oil and Gas PLC 12 February 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7498 C Nu-Oil and Gas PLC 12 February 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7499 C Nu-Oil and Gas PLC 12 February 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7501 C Nu-Oil and Gas PLC 12 February 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
