Predator Oil & Gas Holdings PLC Admission of Shares (1118A)
May 22 2023 - 1:00AM
UK Regulatory
TIDMPRD
RNS Number : 1118A
Predator Oil & Gas Holdings PLC
22 May 2023
FOR IMMEDIATE RELEASE
22 May 2023
Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD /
Sector: Oil & Gas
LEI 213800L7QXFURBFLDS54
Predator Oil & Gas Holdings Plc
("Predator" or the "Company" and together with its subsidiaries
the "Group")
Admission of Shares
Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based
Oil and Gas Company with near-term gas operations focussed on
Morocco, announces that further to the Company's announcement of 12
May 2023 that it had received an exercise notice from Paul
Griffiths , an executive director, in respect of 11,183,605 share
options and Lonny Baumgardner, an executive director, in respect of
7,928,444 share options issued to them pursuant to the Company's
unapproved share option scheme, 19,112,049 Ordinary Shares of no
par value ranking pari passu with the existing ordinary shares of
the Company (the "Option Exercise Shares"), were admitted to
listing on the Official List (standard listing segment) and to
trading on the London Stock Exchange's main market for listed
securities ("Admission") effective at 8.00 am today.
Further to the Company's announcement of 12 May 2023 that it had
also conditionally placed 2,500,000 of New Ordinary Shares ("First
Tranche Shares") at a placing price of GBP0.057 to raise GBP142,500
before expenses (the "First Tranche Placing"), the new First
Tranche Placing Shares, being 2,500,000 Ordinary Shares of no par
value were admitted to listing on the Official List (standard
listing segment) and to trading on the London Stock Exchange's main
market for listed securities ("Admission") effective at 8.00 am
today.
T he executive directors Paul Griffiths and Lonny Baumgardner
agreed, with the approval of the independent non-executive Board
members and Novum Securities Limited, to transfer their 19,112,049
Option Exercise Shares, resulting from the exercise of the share
options noted above, to Novum Securities Limited at a price of
GBP0.057 to raise GBP1,089,387 before expenses.
The total funds received by the Company was therefore
GBP1,231,887 before expenses.
Total Voting Rights
Following Admission, the Company has 421,581,008 shares of no
par value in issue, each with one vote per share (and none of which
are held in treasury). The total number of voting rights in the
Company is therefore 421,581,008. This figure of 421,581,008 may be
used by shareholders in the Company as the denominator for
calculations to determine if they have a notifiable interest in the
share capital of the Company under the Disclosure Guidance and
Transparency Rules, or if such interest has changed.
For further information visit www.predatoroilandgas.com
Follow the Company on twitter @PredatorOilGas.
This announcement contains inside information for the purposes
of Article 7 of the Regulation (EU) No 596/2014 on market abuse
For more information please visit the Company's website at
www.predatoroilandgas.com :
Enquiries:
Predator Oil & Gas Holdings Plc Tel: +44 (0) 1534 834 600
Paul Griffiths Executive Chairman Info@predatoroilandgas.com
Lonny Baumgardner Managing Director
Fox-Davies Capital Tel +44 (0)2038847447
Jerry Keen jerry@fox-davies.com
Novum Securities Limited Tel: +44 (0) 207 399 9425
David Coffman / Jon Belliss
Optiva Securities Limited Tel: +44 (0) 203 137 1902
Christian Dennis
Flagstaff Strategic and Investor Communications Tel: +44 (0) 207 129 1474
Tim Thompson predator@flagstaffcomms.com
Mark Edwards
Fergus Mellon
Notes to Editors:
Predator is operator of the Guercif Petroleum Agreement onshore
Morocco which is prospective for Tertiary gas less than 10
kilometres from the Maghreb gas pipeline. The MOU-1 well drilled in
2021 is being prepared for a follow-up testing programme to
coordinate with a further drilling programme to move the project to
a CNG development stage.
Predator is seeking to further develop the remaining oil
reserves of Trinidad's mature onshore oil fields through the
application of CO2 EOR techniques and by sequestrating
anthropogenic carbon dioxide.
Predator owns and operates exploration and appraisal assets in
licensing options offshore Ireland, for which successor
authorisations have been applied for, adjoining Vermilion's Corrib
gas field in the Slyne Basin on the Atlantic Margin and east of the
decommissioned Kinsale gas field in the Celtic Sea.
Predator has developed a Floating Storage and Regasification
Project ("FSRUP") for the import of LNG and its regassification for
Ireland and is also developing gas storage concepts to address
security of gas supply and volatility in gas prices during times of
peak gas demand.
The Company has a highly experienced management team with a
proven track record in operations in the oil and gas industry.
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END
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