REG - Wildcat Petroleum - Result of Equity Issue

Wildcat PetroleumAnnouncement

27/10/2022 07:00

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RNS Number : 2552E  Wildcat Petroleum PLC  27 October 2022

27 October 2022

Wildcat Petroleum Plc

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

 

OIL FUND INVESTMENT INTO WILDCAT

 

Wildcat Petroleum plc (LSE: WCAT), a company targeting investment
opportunities in business and assets within the upstream sector of the
petroleum industry, is pleased to announce that, further to the announcement
made on 3 October 2022, Waterford Finance and Investment Ltd ("Waterford") has
completed its subscription of 10,000,000 new ordinary shares.

The new ordinary shares will rank pari passu with the Company's existing
issued ordinary shares. The Company intends to allot and issue these new
ordinary shares under its existing authorities on a non pre-emptive basis.
Admission is expected to occur on 1 November 2022.

Conditional on Admission, the Company's issued ordinary share capital will
be 2,410,000,000 ordinary shares, which may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

Mandhir Singh, Chairman of Wildcat, commented: "It is a great coup for
Wildcat to secure the backing of an oil sector heavyweight such as Waterford.
The Company hopes to gain further backing from other industry leaders."

 

Enquiries:

 Wildcat                   msingh@wildcatpetroleum.co.uk

 Mandhir Singh
 Guild Financial Advisory  ross.andrews@guildfin.co.uk

 Ross Andrews
  AXCAP 247                kh@axcap247.com (mailto:kh@axcap247.com)

  Kamran Hussain

Notes to Editors:

Wildcat Petroleum (LSE:WCAT) is listed on the standard segment of the official
list, with shares traded on the main market of the London Stock Exchange. WCAT
is seeking to acquire projects or a business operating in the upstream sector
of the petroleum industry - namely exploration, appraisal, development and
production of oil and gas, with a primary focus on assets that are at the
later phases of exploration and production.

https://www.wildcatpetroleum.co.uk/ (https://www.wildcatpetroleum.co.uk/)

www.waterfordgroup.co.uk (http://www.waterfordgroup.co.uk/)

 

 

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