REG - Predator O&G Hldgs - Issuance of Share Options & Lapse of Share Options

Predator Oil & Gas HoldingsAnnouncement

02/10/2024 15:15

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RNS Number : 7025G  Predator Oil & Gas Holdings PLC  02 October 2024

FOR IMMEDIATE RELEASE

 

02 October 2024

 

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")

 

    Issuance of Share Options and Lapse of Share Options

 

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas
Company with near-term hydrocarbon operations focused on Morocco and
Trinidad, advises of the issuance of the following options over new Ordinary
Shares:

 

Issuance of Options to Dr. Stephen Boldy - Non-executive director and Chairman

The Board's Remuneration Committee has resolved to make the following award of
unallocated share options under the Company's existing option scheme following
his appointment as Non-executive director and Chairman of Predator Oil &
Gas Holdings Plc.

 

To  Dr. Stephen Boldy (Director):

-     Award of 3,000,000 Options

 

Options issued on 1 October 2024 to Dr. Stephen Boldy are exercisable at 10.5
pence per share.

 

1,000,000 share options will vest immediately and the remaining 2,000,000
share options will vest either after 3 months; or upon the first gas flow rate
from the MOU-3 well in the Guercif Licence; or when production from the Cory
Moruga Exploration and Production Licence reaches 100 barrels of oil per day,
whichever occurs first.

 

Lapse of Share Options

 

In accordance with the terms and conditions of the Rules of the Predator Oil
& Gas Holdings Plc Unapproved Share Option Scheme dated 7 October 2020,
share options granted to a former director as an eligible person have lapsed
as follows:

 

7,500,000 share options at an exercise price of 10 pence

7,855,486 share options at an exercise price of   8 pence

 

 

 

For further information visit www.predatoroilandgas.com
(https://www.predatoroilandgas.com/)

 

Follow the Company on X @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 (https://www.predatoroilandgas.com/) :

 

Enquiries:

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

 Paul Griffiths                Chief Executive Officer                                                                                                                                                                                                                                                  Info@predatoroilandgas.com (about%3Ablank)

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

 David Coffman / Jon Belliss

 Oak Securities                                                                                                                                                                                                                                                                                         Tel: +44 (0)203 973 3678

 Jerry                                                                                                                                                                                                                                                                                                  Jerry.keen@oak-securities.com (mailto:Jerry.keen@oak-securities.com)
 Keen

 Camarco - Financial PR                                                                                                                                                                                                                                                                                 Tel: +44 (0)20 3757 4980

 Billy Clegg / Owen Roberts / Fergus Young                                                                                                                                                                                                                                                              P (mailto:PredatorOilGas@camarco.co.uk) redatorOilGas@camarco.co.uk

                                                                                                                                                                                                                                                                                                      (mailto:PredatorOilGas@camarco.co.uk)

 

Notes to Editors:

 

Predator is an oil & gas company with a diversified portfolio of scaled
assets including unique and highly prospective onshore Moroccan gas exposure,
with multiple fully financed upcoming catalysts.

 

Predator has two high quality, scalable gas projects in Morocco with fast pace
of commercialisation and blue sky potential. Guercif is a shallow CNG biogenic
gas development with multiple traps and at least 4 separate reservoirs with
recently drilled wells due to be flow tested. The Giant Jurassic Titanosaurus
is a shallow thermogenic gas prospect evaluating 249m of potential gross
reservoir thickness in a trap of 187 km2 for pipeline gas to power, with
pipeline 2.5km from wellhead.   Moroccan gas prices are high, and the fiscal
terms are some of the best in the world.  Predator also has a diversified
portfolio of assets across Ireland and Trinidad, which is a near-term
revenue-generating project.

 

Predator has an experienced management team and consultants with particular
knowledge in Moroccan sub surface and operations.  The team specialises in
incorporating modern, proven technologies and processes from Canada and the US
to provinces where the conventional technologies did not allow their
hydrocarbon potential to be revealed.

 

Predator Oil & Gas Holdings plc is listed on London Stock Exchange's Main
Market with a Standard Listing (symbol: PRD). For further information, visit
www.predatoroilandgas.com (https://www.predatoroilandgas.com/)

 

 

 1.                Details of the person discharging managerial responsibilities / person closely
                   associated
 a)                Name                                                         Dr. Stephen Boldy
 2.                Reason for the notification
 a)                Position/status                                              Non-executive director and Chairman
 b)                Initial notification / Amendment                             Initial Notification
 3.                Details of the issuer, emission allowance market participant, auction
                   platform, auctioneer or auction monitor
 a)                Name                                                         Predator Oil & Gas Holdings Plc
 b)                LEI                                                          213800L7QXFURBFLDS54
 4.                Details of the transaction(s): section to be repeated for (i) each type of
                   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
                   place where transactions have been conducted
 a)                Description of the financial instrument, type of instrument  Grant of share options
                   Identification code                                          ISIN: JE00BFZ1D698
 b)                Nature of the transaction
 c)                Price(s) and volume(s)                                       Price (s)  Volume (s)
                                                                                10.5p      3,000,000
 d)                Aggregate information
                   - Aggregate volume                                           3,000,000
                   - Total Price                                                £315,000
 e)                Date of the transaction                                      1 October 2024
 f)                Place of the transaction                                     Off Exchange
 g)                Additional information                                       N/A

d)

Aggregate information

- Aggregate volume

3,000,000

- Total Price

£315,000

e)

Date of the transaction

1 October 2024

f)

Place of the transaction

Off Exchange

g)

Additional information

N/A

 

 

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