Armstrong Teasdale Advised AIM-Quoted United Oil & Gas Plc on Equity Fundraising
Armstrong Teasdale’s U.K. Capital Markets team recently advised its long-standing client United Oil & Gas Plc (United) on a conditional equity fundraising by way of an accelerated bookbuild and subscription of new ordinary shares.
The equity fundraising was conditional upon a share capital reorganisation and shareholder approval.
The shares were admitted to trading on AIM on 21 March 2024.
United’s broker Tennyson acted as sole bookrunner for the accelerated bookbuild.
Joan Yu, Head of U.K. Capital Markets at Armstrong Teasdale, commented:
“We are delighted to have assisted United with a successful fundraising. We look forward to a prosperous year for the company in 2024.”
Yu led the transaction assisted by Armstrong Teasdale Solicitor Cameron Sutton.