REG - Wildcat Petroleum - Issue of Warrants

Wildcat PetroleumAnnouncement

29/01/2025 07:00

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RNS Number : 0324V  Wildcat Petroleum PLC  29 January 2025

29 January 2025

Wildcat Petroleum Plc

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

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 announces that it has granted 255,000,000 Warrants to
Directors and a consultant to the Company to subscribe for new ordinary shares
of £0.000028 each in the Company.

The Warrants have an exercise price of 0.20 pence per Warrant, which is a
premium of 54% to the mid-point closing share price on 28 January 2025, and an
expiry date of 31 December 2026. Warrants being issued are detailed below:

 Name           Position    Number of Warrants being issued  Total number of Warrants held including this issue*
 Mandhir Singh  Director    150,000,000                      185,000,000
 Glyn Roberts   Director    75,000,000                       90,000,000
 Dr. Omar       Consultant  30,000,000                       30,000,000

* Warrants are held at different prices

Following the above issue of Warrants, the total number of Warrants in issue
is 305,500,000 equating to 10.42% of the Company's existing issued share
capital assuming full exercise of all warrants.

To align the Directors' interest with shareholders, the warrants being issued
to the Directors Mandhir Singh and Glyn Roberts have been granted with
performance conditions attached. The warrants are conditional on the Company
completing a reverse takeover with a minimum market capitalisation of the
enlarged group of £30 million. If the Company enters into a legally binding
transaction, but the transaction has not completed prior to the expiry date,
being 31 December 2026, there is an option for the warrants to be extended.

In recognition for his continued efforts involved in assisting to secure an
investment opportunity, Dr. Omar, a consultant to the Company, has been
granted warrants in lieu of fees to conserve the Company's working capital.

The exercise of the Warrants is conditional on the Company obtaining the
necessary authorities to enable the exercise of the Warrants at the Company's
general meeting of shareholders ("General Meeting").

For further information please contact:

 Wildcat Petroleum plc

 Glyn Roberts              groberts@wildcatpetroleum.co.uk
 Guild Financial Advisory

 Ross Andrews              ross.andrews@guildfin.co.uk

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         Mandhir Singh
 2.            Reason for the notification
 a)            Position/status:                                              Director
 b)            Initial notification/Amendment:                               Initial notification
 3.            Details of the issuer, emission allowance market participant, auction
               platform, auctioneer or auction monitor
 a)            Name:                                                         Wildcat Petroleum Plc
 b)            LEI:                                                          213800PPETBUU3UZRU78
 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:  Ordinary Shares of 0.000028 pence each

               Identification code:                                          GB00BMQC7357

 b)            Nature of the transaction:                                    Warrants
 c)            Price(s) and volume(s):

Price(s)    Volume(s)
                                                                             0.20 pence  150,000,000

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

Price(s)    Volume(s)
               Aggregated volume:                                            0.20 pence  150,000,000

               Price:

 
 e)            Date of the transaction:                                      28 January 2025
 f)            Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 Price(s)    Volume(s)
 0.20 pence  150,000,000

 

e)

Date of the transaction:

28 January 2025

f)

Place of the transaction:

Outside a trading venue

 

 

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         Glyn Roberts
 2.            Reason for the notification
 a)            Position/status:                                              Director
 b)            Initial notification/Amendment:                               Initial notification
 3.            Details of the issuer, emission allowance market participant, auction
               platform, auctioneer or auction monitor
 a)            Name:                                                         Wildcat Petroleum Plc
 b)            LEI:                                                          213800PPETBUU3UZRU78
 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:  Ordinary Shares of 0.000028 pence each

               Identification code:                                          GB00BMQC7357

 b)            Nature of the transaction:                                    Warrants
 c)            Price(s) and volume(s):

Price(s)    Volume(s)
                                                                             0.20 pence  75,000,000

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

Price(s)    Volume(s)
               Aggregated volume:                                            0.20 pence  75,000,000

               Price:

 
 e)            Date of the transaction:                                      28 January 2025

 f)            Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 Price(s)    Volume(s)
 0.20 pence  75,000,000

 

e)

Date of the transaction:

28 January 2025

 

f)

Place of the transaction:

Outside a trading venue

 

 

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