REG - Wildcat Petroleum - Result of Equity Issue

Wildcat PetroleumAnnouncement

16/10/2023 07:45

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RNS Number : 2083Q  Wildcat Petroleum PLC  16 October 2023

16 October 2023

Wildcat Petroleum Plc

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

Placing raising £450,000

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 the placing of 375,000,000 new
ordinary shares at a price of 0.12p raising, £450,000, (£393,750, net of
expenses). 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.

The Company will be making its application to admit the new ordinary shares to
the Official List of the FCA and to trading on the Main Market (Standard List)
of the LSE. Admission is expected to occur on 30 October 2023.

Conditional on Admission, the Company's issued ordinary share capital will
be 2,803,040,000 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:

"The Company is delighted to have raised additional funds in difficult market
conditions. These net proceeds of the over-subscribed placing will be used to
strengthen the balance sheet and provide the Company with sufficient working
capital whilst it works towards a production sharing agreement with the
Sudanese government.

Enquiries:

 Wildcat:  Mandhir Singh msingh@wildcatpetroleum.co.uk
 (mailto:msingh@wildcatpetroleum.co.uk)
 Guild Financial Advisory: Ross Andrews ross.andrews@guildfin.co.uk
 (mailto:ross.andrews@guildfin.co.uk)

 Clear Capital Corporate Broking: Bob Roberts +44 (0) 2038696080

 

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/)

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