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LONDON - Upland Resources (LON:UPL) Limited, an oil and gas company, has announced the approval for the admission of 91,000,000 Ordinary Shares to the Official List and to trading on the London Stock Exchange (LON:LSEG)’s Main Market. The shares are set to be admitted earlier than initially planned, with trading commencing at 8 am on Tuesday, May 20, 2025, as opposed to the previously scheduled date of May 21.
The admission of these shares follows the company’s announcement made last week. Upon the issue of these new shares, Upland’s total number of Ordinary Shares in issue will reach 1,511,958,048. This updated share count provides a new denominator for shareholders to calculate their percentage holdings and determine if they need to notify the company of changes in their interest, in compliance with the Financial Conduct Authority’s (FCA) Disclosure and Transparency Rules.
The company’s decision to move the admission date forward indicates a readiness to welcome new investors and commence trading without delay. This move could potentially signal Upland’s confidence in its market position and future prospects.
It is important to note that this announcement is not an offer for sale or a solicitation to acquire securities in any jurisdiction, including the United States, Canada, Australia, or Japan. The information presented is based on a press release statement and does not constitute an inducement to enter into any contract or commitment.
Investors and market watchers will be observing the performance of Upland’s shares upon their admission to the Main Market, which could influence the company’s market capitalization and investor relations.
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