29 January
2025
Wildcat
Petroleum Plc
("Wildcat", "WCAT" or the "Company")
Issue of
Warrants
Wildcat Petroleum Plc ("WCAT" or "the Company")
a company targeting investment opportunities in businesses and
assets within the upstream sector of the petroleum industry
announces that it has granted 255,000,000 Warrants to Directors and
a consultant to the Company to subscribe for new ordinary shares of
£0.000028 each in the Company.
The Warrants have an exercise price of 0.20
pence per Warrant, which is a premium of 54% to the mid-point
closing share price on 28 January 2025, and an expiry date of 31
December 2026. Warrants being issued are detailed below:
|
Name
|
Position
|
Number of Warrants being issued
|
Total number of Warrants held including this
issue*
|
|
Mandhir Singh
|
Director
|
150,000,000
|
185,000,000
|
|
Glyn Roberts
|
Director
|
75,000,000
|
90,000,000
|
|
Dr. Omar
|
Consultant
|
30,000,000
|
30,000,000
|
*
Warrants are held at different prices
Following the above issue of Warrants, the
total number of Warrants in issue is 305,500,000 equating to 10.42%
of the Company's existing issued share capital assuming full
exercise of all warrants.
To align the Directors' interest with
shareholders, the warrants being issued to the Directors Mandhir
Singh and Glyn Roberts have been granted with performance
conditions attached. The warrants are conditional on the Company
completing a reverse takeover with a minimum market capitalisation
of the enlarged group of £30 million. If the Company enters into a
legally binding transaction, but the transaction has not completed
prior to the expiry date, being 31 December 2026, there is an
option for the warrants to be extended.
In recognition for his continued efforts
involved in assisting to secure an investment opportunity, Dr.
Omar, a consultant to the Company, has been granted warrants in
lieu of fees to conserve the Company's working capital.
The exercise of the Warrants is conditional on
the Company obtaining the necessary authorities to enable the
exercise of the Warrants at the Company's general meeting of
shareholders ("General Meeting").
For further information please
contact:
|
Wildcat Petroleum plc
Glyn Roberts
|
groberts@wildcatpetroleum.co.uk
|
|
Guild Financial Advisory
Ross Andrews
|
ross.andrews@guildfin.co.uk
|
|
NOTIFICATION AND PUBLIC DISCLOSURE OF
TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND
PERSONS CLOSELY ASSOCIATED WITH THEM:
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Mandhir Singh
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Director
|
|
b)
|
Initial
notification/Amendment:
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
Wildcat Petroleum Plc
|
|
b)
|
LEI:
|
213800PPETBUU3UZRU78
|
|
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:
Identification code:
|
Ordinary Shares of 0.000028 pence
each
GB00BMQC7357
|
|
b)
|
Nature of the
transaction:
|
Warrants
|
|
c)
|
Price(s) and volume(s):
|
|
Price(s)
|
Volume(s)
|
|
0.20 pence
|
150,000,000
|
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
|
Single transaction as in 4 c)
above
|
Price(s)
|
Volume(s)
|
|
0.20 pence
|
150,000,000
|
|
|
|
|
|
e)
|
Date of the transaction:
|
28 January 2025
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Glyn Roberts
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Director
|
|
b)
|
Initial
notification/Amendment:
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
Wildcat Petroleum Plc
|
|
b)
|
LEI:
|
213800PPETBUU3UZRU78
|
|
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:
Identification code:
|
Ordinary Shares of 0.000028 pence
each
GB00BMQC7357
|
|
b)
|
Nature of the
transaction:
|
Warrants
|
|
c)
|
Price(s) and volume(s):
|
|
Price(s)
|
Volume(s)
|
|
0.20 pence
|
75,000,000
|
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
|
Single transaction as in 4 c)
above
|
Price(s)
|
Volume(s)
|
|
0.20 pence
|
75,000,000
|
|
|
|
|
|
e)
|
Date of the transaction:
|
28 January 2025
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
