REG - Predator O&G Hldgs - Admission of Shares

Predator Oil & Gas HoldingsAnnouncement

22/05/2023 07:00

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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 £0.057 to raise £142,500 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.

The 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 £0.057 to raise £1,089,387 before expenses.

The total funds received by the Company was therefore £1,231,887 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
(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

 Fox-Davies Capital                                              Tel +44 (0)2038847447

 Jerry Keen                                                      jerry@fox-davies.com (mailto: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 (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 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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