01:00 AM EDT, 10/05/2026 (MT Newswires) -- Reabold Resources' (RBD.L) all-share offer for oil and gas company Union Jack Oil (UJO.L) lapsed after the investor failed to secure acceptances giving it more than 75% of the voting rights. Reabold said that as of Oct. 2, it received valid acceptances for 19,085,529 Union Jack shares, representing about 13.02% of the company's issued share capital, according to a same-day release. Under the UK Takeover Code, Reabold cannot make another offer for now. The company reserves the right to seek the takeover panel's consent to make a new offer in certain circumstances, including if the Union Jack board recommends one or a third party announces a firm intention to bid.

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