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

Predator Oil & Gas HoldingsAnnouncement

22/05/2023 07:00

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RNS Number : 1119A  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")

 

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 1,000,000 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 1,000,000 New
Ordinary Shares following receipt of the aggregate £50,000 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 26 May 2023.

The Company advises that, following this Admission, the Company's issued share
capital will be  426,403,414  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 426,403,414

The above figure of 426,403,414  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

 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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