REG - Predator O&G Hldgs - Exercise of Share Options

Predator Oil & Gas HoldingsAnnouncement

18/11/2022 07:00

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RNS Number : 8359G  Predator Oil & Gas Holdings PLC  18 November 2022

FOR IMMEDIATE RELEASE

18 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")

 

 Exercise of Share Options

 

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas
Company with near-term gas operations focussed on Morocco, announces that it
has received an exercise notice from Louis Castro, a former director, in
respect of 650,000 share options issued to him pursuant to the Company's
unapproved share option scheme.:

dated 27 October 2020 (to subscribe for 1,650,000 new shares of no par value
each in the Company ("New Ordinary Shares") at 5p per share.

The Company has therefore allotted and issued the total of 650,000 New
Ordinary Shares following receipt of the aggregate £32,500 subscription price
from Louis Castro. These shares rank pari passu with the existing ordinary
shares of the Company. Application will be made to the Financial Conduct
Authority ("FCA") for the New Ordinary Shares to be admitted to listing on the
Official List (standard listing segment) of the FCA and to the London Stock
Exchange for the New Ordinary Shares to be admitted to trading on the London
Stock Exchange's main market for listed securities (together
"Admission").  It is expected that Admission will become effective at 8.00
a.m. on 23 November 2022.

The Company advises that, following this Admission, the Company's issued share
capital will be  368,048,217 shares of no par value, each with one vote per
share (and no such shares are held in treasury). The total number of voting
rights is therefore 368,048,217.

The above figure of 368,048,217 may be used by shareholders as the denominator
for the calculations to determine if they have a notifiable interest in the
share capital of the Company under the FCA's 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

 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 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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