REG - Wildcat Petroleum - Appointment of Consultant and Issue of Warrants

Wildcat PetroleumAnnouncement

13/02/2025 07:00

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RNS Number : 9286W  Wildcat Petroleum PLC  13 February 2025

13 February 2025

Wildcat Petroleum Plc

("Wildcat", "WCAT" or the "Company")

Appointment of Consultant and Issue of Warrants

Wildcat Petroleum Plc ("WCAT" or "the Company") a company targeting investment
opportunities in businesses and assets within the upstream sector of the
petroleum industry is pleased to announce the appointment of Mr Charles Hall
as a consultant to the Company with immediate effect. The Company has granted
2,000,000 Warrants to Mr Hall to subscribe for new ordinary shares of
£0.000028 each in the Company in lieu of fees to conserve the Company's
working capital.

Mr Hall's role within Wildcat will be to work with the board to widen the
breadth and depth of the Wildcat shareholder base, with particular emphasis on
institutional natural resources investors with past experience of investing
into African oil projects.

Mr Hall has extensive banking experience having held various positions at HSBC
until 2012, CEO and MD of HSBC Private Banking (Luxembourg), CEO of HSBC
(Lebanon), CEO of HSBC Financial Services (Cayman) Limited and Head of
Insurance and Deputy CEO at HSBC Ireland. He is currently non-executive
chairman of Strata Investments plc, formerly Metal Tiger plc, an AIM listed
investment company until it delisted in 2023 and relisted on the ASX. Mr Hall
possesses experience of running and in particular the funding of listed
natural resources companies.

The Warrants have an exercise price of 0.20 pence per Warrant, which is a
premium of 67% to the mid-point closing share price on 10 February 2025, and
an expiry date of 31 December 2026.

Following the above issue of Warrants, the total number of Warrants in issue
is 307,500,000 equating to 10.48% of the Company's existing issued share
capital assuming full exercise of all warrants.

Mandhir Singh, Chairman: "The Company is very happy to welcome aboard the
Wildcat team someone with such a long and distinguished career in finance and
banking as Mr Hall. His experience moving forward will be invaluable as the
Company looks to widen its shareholder base."

Charles Hall: "I look forward to working with the board of Wildcat in order to
increase the depth and breadth of the shareholder base, especially amongst
institutional natural resources investors."

For further information please contact:

 Wildcat

 Glyn Roberts                          groberts@wildcatpetroleum.co.uk
 Guild Financial AdvisoryRoss Andrews

                    ross.andrews@guildfin.co.uk

 

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