Exercise of Share Options

Predator Oil & Gas Holdings PLC

22 May 2023

 

FOR IMMEDIATE RELEASE

22 May 2023

               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")

Exercise of Share Options

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, announces that it has received an exercise notice from Louis Castro, a former director, in respect of 1,000,000 share options issued to him pursuant to the Company's unapproved share option scheme:

dated 27 October 2020 (to subscribe for 1,650,000 new shares of no par value each in the Company ("New Ordinary Shares") at 5p per share.

The Company has therefore allotted and issued the total of 1,000,000 New Ordinary Shares following receipt of the aggregate £50,000 subscription price from Louis Castro. These shares rank pari passu with the existing ordinary shares of the Company. Application will be made to the Financial Conduct Authority ("FCA") for the New Ordinary Shares to be admitted to listing on the Official List (standard listing segment) of the FCA and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's main market for listed securities (together "Admission").  It is expected that Admission will become effective at 8.00 a.m. on 26 May 2023.

The Company advises that, following this Admission, the Company's issued share capital will be  426,403,414  shares of no par value, each with one vote per share (and no such shares are held in treasury). The total number of voting rights is therefore 426,403,414

The above figure of 426,403,414  may be used by shareholders as the denominator for the calculations to determine if they have a notifiable interest in the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules, or if such interest has changed.

For further information visit www.predatoroilandgas.com

Follow the Company on twitter @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 at www.predatoroilandgas.com: 

Enquiries:

Predator Oil & Gas Holdings Plc Paul Griffiths               Executive Chairman Lonny Baumgardner   Managing Director	Tel: [phone] [e-mail]
Fox-Davies Capital Jerry Keen Novum Securities Limited David Coffman / Jon Belliss Optiva Securities Limited Christian Dennis	Tel [phone] [e-mail] Tel: [phone] Tel: [phone]
Flagstaff Strategic and Investor Communications Tim Thompson  Mark Edwards Fergus Mellon	Tel: [phone] [e-mail]

Notes to Editors:  

Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary gas less than 10 kilometres from the Maghreb gas pipeline.  The MOU-1 well drilled in 2021 is being prepared for a follow-up testing programme to coordinate with a further drilling programme to move the project to a CNG development stage.

Predator is seeking to further develop the remaining oil reserves of Trinidad's mature onshore oil fields through the application of CO2 EOR techniques and by sequestrating anthropogenic carbon dioxide.

Predator owns and operates exploration and appraisal assets in licensing options offshore Ireland, for which successor authorisations have been applied for, adjoining Vermilion's Corrib gas field in the Slyne Basin on the Atlantic Margin and east of the decommissioned Kinsale gas field in the Celtic Sea. 

Predator has developed a Floating Storage and Regasification Project ("FSRUP") for the import of LNG and its regassification for Ireland and is also developing gas storage concepts to address security of gas supply and volatility in gas prices during times of peak gas demand.

The Company has a highly experienced management team with a proven track record in operations in the oil and gas industry.

 

END