6 January 2022
JKX Oil & Gas plc
("JKX", the "Company" or the "Group")
Cancellation of Admission of Ordinary Shares to the Official List
London, 6 January 2022 - the Company provides an update further to the announcements made on 3 November 2021 (regarding proposals for the Cancellation of Listing and a Tender Offer) and on 23 November 2021 (regarding the Results of the Extraordinary General Meeting).
Capitalised terms not otherwise defined in the text of this announcement have the meanings given in the Company's announcement of 3 November 2021.
Cancellation of Listing
The Delisting became effective today at 8.00am. The Company's ordinary shares of 10 pence each (ISIN code: GB004697420) (the "Ordinary Shares") are no longer admitted to the premium segment of the Official List or to trading on the London Stock Exchange's Main Market for listed securities.
A matched-bargain facility is expected to be put in place by the Company.
Tender Offer
As announced on 16 December 2021, the latest time and date for receipt of Tender Forms and TTE Instructions in relation to the Tender Offer is 1.00 pm on 6 January 2022. Further details of the expected timetable are set out below.
EXPECTED TIMETABLE
Each of the times and dates in the table below is indicative only and may be subject to change (See notes (1) and (2).
| Latest time and date for receipt of Tender Forms and TTE Instructions in relation to the Tender Offer |
1.00 pm on 6 January 2022 |
| Closing Date of Tender Offer |
1.00 pm on 6 January 2022 |
| Tender Offer Record Date |
6.00 pm on 6 January 2022 |
| Announcement of results of the Tender Offer |
10 January 2022 |
| Tender Offer declared unconditional (the Unconditional Date) and expected purchase of the Ordinary Shares under the Tender Offer and completion of the repurchase from SP Angel |
10 January 2022 |
| CREST accounts credited for revised uncertificated shareholdings of Ordinary Shares (or, in the case of unsuccessful tenders, for entire holdings of Ordinary Shares) |
By not later than 12 January 2022 |
| CREST accounts credited in respect of Tender Offer proceeds for uncertificated Ordinary Shares |
By not later than 14 January 2022 |
| Despatch of cheques for Tender Offer consideration in respect of certificated Ordinary Shares sold under the Tender Offer and any balance certificates in respect of any unsold certificated Ordinary Shares |
By 20 January 2022 |
| Expected time and date of Re-Registration |
24 January 2022 |
(1) The times and dates set out in the expected timetable of principal events above and mentioned throughout this announcement are indicative only and are subject to change.
(2) References to times in this announcement are to London time unless stated otherwise.
Enquiries:
EM Communications +44 (0) 20 7002 7860
Jeroen van de Crommenacker
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