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

Predator Oil & Gas HoldingsAnnouncement

20/02/2025 07:15

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RNS Number : 7718X  Predator Oil & Gas Holdings PLC  20 February 2025

 

 

 

 

 

FOR IMMEDIATE RELEASE

 

20 February 2025

 

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

 

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 Directors:

 

The Board's Remuneration Committee has resolved to make an award of 45,000,000
unallocated share options under the Company's existing option scheme:

 

1.     Dr. Stephen Boldy    Non-executive director and Chairman :
7,500,000 options

2.     Mr Paul  Griffiths      Chief Executive and director:
                18,500,000 options

3.     Mr Alistair Jury         Non-executive
director                              7,500,000
options

4.     Mr Carl Kindinger     Non-executive
director                              7,500,000
options

5.     Mr Geoffrey Leid
Director
4,000,000 options

 All the above share options are exercisable at 5.5p per share

 

The vesting conditions and phased vesting dates are as follows:

 

·      25% of the award on commencement of MOU-5 drilling

·      25% of the award after 9 months or on announcement of the
completion of the acquisition of Challenger Energy Group Plc's  Trinidad
& Tobago companies, whichever occurs first

·      25% of award after 6 months or announcement of positive MOU-3
testing results, whichever occurs first

·      25% of award on announcement of achieving 500boe/pd net to
Predator in Trinidad.

 

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
atwww.predatoroilandgas.com (https://www.predatoroilandgas.com/) :

Enquiries:

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

 Paul Griffiths Chief Executive Officer                                                                                                                                                                         Info@predator (../../../../tmp/about%3Ablank) oilandgas.com

 Novum Securities Limited                                                                                                                                                                                       Tel: +44 (0)207 399 99425

David Coffman / Jon Belliss

 Oak Securities                                                                                                                                                                                                 Tel: +44 (0)207 203 973 3678

Jerry Keen

                                                                                                                                                                                                              Jerry.keen@o (mailto:Jerry.keen@o) aksecurities.com

 Flagstaff Strategic and Investor Communications                                                                                                                                                                Tel: +44 (0)207 129 1474

 Tim Thompson                                                                                                                                                                                                   predator@flagstaffcomms.com

 Mark Edwards

 Fergus Mellon

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