REG - Predator O&G Hldgs - Admission of Placing Shares

Predator Oil & Gas HoldingsAnnouncement

23/08/2022 07:00

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RNS Number : 8388W  Predator Oil & Gas Holdings PLC  23 August 2022

 

FOR IMMEDIATE RELEASE

23 August 2022

 

               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 Placing Shares

 

Further to the Company's announcement of 17 August 2022, the new Placing
Shares, being 60,000,000 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.

Total Voting Rights

Following Admission, the Company has 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 353,595,477.  This figure
of 353,595,477 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.

Warrants

In connection with the fundraising, 3,600,000 warrants, exercisable at 5.5p
per new ordinary share with a 3 year expiry from Admission, will be issued
to Novum Securities Limited or their nominees.

 

Directors' Holdings

The  positions held by the Directors are as follows:

 

 DIRECTOR        TOTAL SHARES      OPTIONS       OPTIONS             OPTIONS               OPTIONS

                                   18 May 2018   27 October 2020     31 January 2022       5 July 2022
 Paul Griffiths  30,085,793*       4,005,486     3,850,000           Nil                   Nil
 Stephen Staley       669,600      1,001,370     1,650,000           Nil                   Nil
 Louis Castro    Nil               Nil           1,650,000           1,000,000             Nil
 Lonny                555,600      Nil           Nil                 7,855,486             Nil

 Baumgardner
 Alistar Jury    Nil               Nil           Nil                 Nil                   2,000,000
 Tom Evans       Nil               Nil           Nil                 Nil                   2,000,000

 

*Reduction in shareholding and voting rights reflects loan of 15 million
shares to Predator Oil & Gas Holdings Plc in accordance with the Stock
Lending Agreement announced on 17 August 2022.

 

Details of the 2018 and 2020 option awards may be found in the Company's
annual report.

Options issued on 5 July 2022 are exercisable at 8.125 pence per share, being
the closing mid-market price on 4 July 2022, and will vest after 6 months.

 

Total Options and Warrants on issue

Following the award of warrants to Novum Securities Ltd., the total options
and warrants outstanding in the Company are as follows:

 

                    OPTIONS         OPTIONS             WARRANTS(³)         OPTIONS               OPTIONS

                    18 May 2018¹    27 October 2020²                    31 January 2022(4)        5 July 2022⁵
 Directors          5,006,856       7,150,000           Nil             8,855,486                 4,000,000
 Previous director  1,001,370       Nil                 Nil             Nil
 Advisers           Nil             Nil                 9,574,468       Nil

 and others

(1)  18/5/18 options are exercisable at 2.8 pence per share

(2)  27/10/20 options are exercisable at 5 pence per share

(3)  Warrants  include outstanding warrants issued to Company advisers at
 

an exercise price of 2.8 pence per share (160,718 on 24 May 2018),    12
pence per share (2,000,000 on 15 February 2019), 4 pence per  share
(2,193,750 on 17 February 2020), 10.5 pence per share (1,020,000 on 12 March
2021), 15 pence per share (600,000 on 18 June 2021), 9 pence per share
(690,000 on 28 March 2022) and 5.5 pence per share (3,600,000 on 23 August
2022). Further details of the 2018, 2019, 2020 and 2021 warrant awards may be
found in the Company's 2021 Annual Report and Financial Statements.

(4) 8,855,486 options are exercisable at 5.66 pence per share.

(5) 4,000,000 options are exercisable at 8.125 pence per share.

 

If all options and warrants were to become exercisable and then exercised in
accordance with their terms, gross proceeds received by the Company would
be £2,079,301.

 

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 (http://www.predatoroilandgas.com/) :

 

 

Enquiries:

 Predator Oil & Gas Holdings Plc                                 Tel: +44 (0) 1534 834 600

 Paul Griffiths               Executive Chairman                 Info@predatoroilandgas.com (mailto:Info@predatoroilandgas.com)

 Lonny Baumgardner   Managing Director

 Novum Securities Limited                                        Tel: +44 (0) 207 399 9425

 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 (mailto: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 in prospects less than 10 kilometres from the
Maghreb gas pipeline.  The MOU-1 well has been completed and a follow-up
testing programme is being developed and a further drilling programme is under
review.

 

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 to produce
"greener" oil.

 

In addition, Predator also 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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