LONDON (ShareCast) - (ShareCast News) - Shares in Senterra Energy have been suspended at its request after the company unveiled plans to reverse into UOG Holdings Plc, an independent oil and gas company.
It had inked a heads of terms to this end, and would issue ordinary shares of £0.01 each in the capital of Senterra to the shareholders of UOG.

The deal, if it went ahead, would constitute a reverse takeover under listing rules, and Senterra said it had sought and been granted a share suspension.

The suspension was pending the publication of a prospectus and the application for the enlarged company to have its shares listed on London Stock Exchange's main market.

Senterra's shares last traded at 2.5p each.

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