REG - Predator O&G Hldgs - Admission of Shares

Predator Oil & Gas HoldingsAnnouncement

30/11/2022 07:00

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RNS Number : 9949H  Predator Oil & Gas Holdings PLC  30 November 2022

FOR IMMEDIATE RELEASE

 30 November 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 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 24 November 2022 that it had received
an exercise notice from Paul Griffiths, an executive director, in respect of
7,855,486 share options and Lonny Baumgardner, an executive director, in
respect of 7,855,486 share options issued to them pursuant to the Company's
unapproved share option scheme, 15,710,972 Ordinary Shares of no par value
ranking pari passu with the existing ordinary shares of the Company, 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 383,759,189. This figure
of 383,759,189 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.

Directors' Holdings

Following the issue of the Ordinary Shares as described above and their
placing to provide the Directors Loan to the Company as announced on 24
November 2022, and inclusive of shares and options already held by Directors,
the  positions held by the Directors is as follows:

 

 DIRECTOR        TOTAL SHARES      OPTIONS             OPTIONS

                                   27 October 2020     31 January 2022
 Paul Griffiths  40,085,793*       Nil                 Nil
 Lonny                555,600      Nil                 Nil

 Baumgardner
 Alistar Jury    Nil               Nil                 Nil
 Carl Kindinger   1,350,577        Nil                 Nil

 

 DIRECTOR           OPTIONS            OPTIONS               OPTIONS

                    5 July 2022        9 November 2022       23 November 2022
 Paul Griffiths     Nil             7,500,000              7,855,486
 Lonny              Nil             7,500,000              7,855,486

 Baumgardner
 Alistar Jury       2,000,000       Nil                    Nil
 Carl Kindinger     Nil             2,000,000              Nil

 

*

5 million shares loaned to the Company to complete a Placing announced on 17
August 2022  are to be returned to Paul Griffiths by the Company when the
Company has the ability to issue further shares.

 

Details of the 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.

Options issued on 9 November 2022 to Carl Kindinger are exercisable at 7.75
pence per share, being the closing mid-market price on 8 November 2022 and
will vest after 6 months or upon the release of a Company RNS with the MOU-2
test results - whichever occurs first.

Options issued on 9 November 2022 to Paul Griffiths and Lonny Baumgardner are
exercisable at 10.0 pence per share and will vest after 6 months or upon the
release of a Company RNS with the MOU-2 test results - whichever occurs first.

Options issued on 23 November 2022 to Paul Griffiths and Lonny Baumgardner are
exercisable at 8.0 pence per share and will vest after 6 months or upon the
release of a Company RNS with the MOU-2 test results - whichever occurs first.

 

Total Options and Warrants on issue

The total options and warrants outstanding in the Company are as follows:

 

                    OPTIONS             WARRANTS²         OPTIONS              OPTIONS

                    27 October 2020¹                  31 January 2022³         5 July 2022⁴
 Directors          Nil                 Nil           Nil                      2,000,000
 Previous director  3,300,000           Nil           1,000,000                2,000,000
 Advisers           Nil                 8,464,468     Nil

 and others

 

                        OPTIONS                   OPTIONS

                        9 November 2022⁵          23 November 2022⁶
 Directors              17,000,000              7,855,486
 Previous director      Nil                     7,855,486
 Advisers               Nil                     Nil

 and others

 

(1)  27/10/20 options are exercisable at 5 pence per share

(2)  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), 5.5 pence per share (1,800,000 on 23 August 2022)
and 8.0 pence per share (1,099,768 on 23 November 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.

 

(3) 1,000,000 options are exercisable at 5.66 pence per share.

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

(5) 15,000,000 options are exercisable at 10 pence per share

       2,000,000 options are exercisable  at 7.75 pence per share

(6) 15,710,972 options are exercisable  at 8.0 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 £4,236,909.

 

 

 

 

For further information visit www.predatoroilandgas.com
(http://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 (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

 David Coffman

                                                                 Tel: +44 (0) 203 137 1902

 Optiva Securities Limited

 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 finalised to coordinate with a further drilling
programme beginning in 2022.

 

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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