FOR
IMMEDIATE RELEASE
02 October 2024
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")
Issuance of Share Options and Lapse of
Share Options
Predator Oil & Gas Holdings
Plc (LSE: PRD), the Jersey based Oil and Gas
Company with near-term hydrocarbon operations focused on
Morocco and Trinidad, advises of the
issuance of the following options over new Ordinary
Shares:
Issuance of Options to Dr. Stephen Boldy - Non-executive
director and Chairman
The Board's Remuneration Committee
has resolved to make the following award of unallocated share
options under the Company's existing option scheme following his
appointment as Non-executive director and Chairman of Predator Oil
& Gas Holdings Plc.
To Dr. Stephen Boldy
(Director):
- Award of
3,000,000 Options
Options issued on 1 October 2024 to
Dr. Stephen Boldy are exercisable at 10.5
pence per share.
1,000,000 share options will vest
immediately and the remaining 2,000,000 share options will vest
either after 3 months; or upon the first
gas flow rate from the MOU-3 well in the Guercif Licence; or when
production from the Cory Moruga Exploration and Production Licence
reaches 100 barrels of oil per day, whichever occurs
first.
Lapse of Share Options
In accordance with the terms and
conditions of the Rules of the Predator Oil & Gas Holdings Plc
Unapproved Share Option Scheme dated 7 October 2020, share options
granted to a former director as an eligible person have lapsed as
follows:
7,500,000 share options at an
exercise price of 10 pence
7,855,486 share options at an
exercise price of 8 pence
For further information visit
www.predatoroilandgas.com
Follow the Company on X
@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:
Notes to Editors:
Predator is an oil & gas company
with a diversified portfolio of scaled assets including unique and
highly prospective onshore Moroccan gas exposure, with multiple
fully financed upcoming catalysts.
Predator has two high quality,
scalable gas projects in Morocco with fast pace of
commercialisation and blue sky potential. Guercif is a shallow CNG
biogenic gas development with multiple traps and at least 4
separate reservoirs with recently drilled wells due to be flow
tested. The Giant Jurassic Titanosaurus is a shallow thermogenic
gas prospect evaluating 249m of potential gross reservoir thickness
in a trap of 187 km2 for pipeline gas to power, with pipeline
2.5km from wellhead. Moroccan gas prices are high, and
the fiscal terms are some of the best in the world. Predator
also has a diversified portfolio of assets across Ireland and
Trinidad, which is a near-term revenue-generating
project.
Predator has an experienced
management team and consultants with particular knowledge in
Moroccan sub surface and operations. The team specialises in
incorporating modern, proven technologies and processes from Canada
and the US to provinces where the conventional technologies did not
allow their hydrocarbon potential to be revealed.
Predator Oil & Gas Holdings plc
is listed on London Stock Exchange's Main Market with a Standard
Listing (symbol: PRD). For further information, visit
www.predatoroilandgas.com
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Dr. Stephen Boldy
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status
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Non-executive director and
Chairman
|
|
b)
|
Initial notification /
Amendment
|
Initial Notification
|
|
3.
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
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Name
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Predator Oil & Gas Holdings
Plc
|
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b)
|
LEI
|
213800L7QXFURBFLDS54
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Grant of share options
|
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Identification code
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ISIN: JE00BFZ1D698
|
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b)
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Nature of the transaction
|
|
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c)
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Price(s) and volume(s)
|
|
Price (s)
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Volume (s)
|
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10.5p
|
3,000,000
|
|
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d)
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Aggregate information
|
|
|
- Aggregate volume
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3,000,000
|
|
- Total Price
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£315,000
|
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e)
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Date of the transaction
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1 October 2024
|
|
f)
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Place of the transaction
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Off Exchange
|
|
g)
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Additional information
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N/A
|
