TIDMPRD
RNS Number : 5911A
Predator Oil & Gas Holdings PLC
26 September 2022
FOR IMMEDIATE RELEASE
26 September 2022
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 Dr.
Stephen Staley, a former director, in respect of share options
issued to him pursuant to the Company's unapproved share option
scheme.:
dated 18 May 2018 (at the date of the Company's admission to the
Official List (standard listing segment) of the London Stock
Exchange's main market for listed securities) to subscribe for
1,001,370 new shares of no par value each in the Company ("New
Ordinary Shares") at 2.8p per share.
The Company has therefore allotted and issued the total of
1,001,370 New Ordinary Shares following receipt of the aggregate
GBP28,038.36 subscription price from Dr. Stephen Staley.
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 29 September 2022.
The Company advises that, following this Admission, the
Company's issued share capital will be 354,596,847 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
354,596,847.
The above figure of 354,596,847 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.
Directors' Holdings
The positions held by the Directors are as follows:
DIRECTOR TOTAL SHARES OPTIONS OPTIONS OPTIONS OPTIONS
18 May 2018 27 October 31 January 5 July 2022
2020 2022
Paul Griffiths 30,085,793* 4,005,486 3,850,000 Nil Nil
------------- ------------- ------------ ------------ --------------
Lonny
Baumgardner 555,600 Nil Nil 7,855,486 Nil
------------- ------------- ------------ ------------ --------------
Alistar Jury Nil Nil Nil Nil 2,000,000
------------- ------------- ------------ ------------ --------------
Tom Evans Nil Nil Nil Nil 2,000,000
------------- ------------- ------------ ------------ --------------
Details of the 2018 and 2020 option awards may be found in the
Company's annual report.
Options issued on 5 July 2022 are exercisable at 8.125 pence per
share, being the closing mid-market price on 4 July 2022, and will
vest after 6 months.
Total Options and Warrants on issue
Following the exercise of the share options by Dr. Stephen
Staley, the total options and warrants outstanding in the Company
are as follows:
OPTIONS OPTIONS WARRANTS(3) OPTIONS OPTIONS
18 May 27 October 31 January 5 July 2022
2018(1) 2020(2) 2022(4)
Directors 4,005,486 7,150,000 Nil 8,855,486 4,000,000
---------- ------------ ------------ ---------------- ---------------
Previous
directors 1,001,370 3,300,000 Nil 1,000,000
---------- ------------ ------------ ---------------- ---------------
Advisers Nil Nil 5,974,468 Nil
and others
---------- ------------ ------------ ---------------- ---------------
1) 18/5/18 options are exercisable at 2.8 pence per share
(2) 27/10/20 options are exercisable at 5 pence per share
(3) Warrants include outstanding warrants issued to Company
advisers at
an exercise price of 2.8 pence per share (160,718 on 24 May
2018), 12 pence per share (2,000,000 on 15 February 2019), 4 pence
per share (2,193,750 on 17 February 2020), 10.5 pence per share
(1,020,000 on 12 March 2021), 15 pence per share (600,000 on 18
June 2021), 9 pence per share (690,000 on 28 March 2022) and 5.5
pence per share (3,600,000 on 23 August 2022). Further details of
the 2018, 2019, 2020 and 2021 warrant awards may be found in the
Company's 2021 Annual Report and Financial Statements.
(4) 8,855,486 options are exercisable at 5.66 pence per
share.
(5) 4,000,000 options are exercisable at 8.125 pence per
share.
If all options and warrants were to become exercisable and then
exercised in accordance with their terms, gross proceeds received
by the Company would be GBP2,051,263.
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 Tel: +44 (0) 1534 834 600
Paul Griffiths Executive Chairman Info@predatoroilandgas.com
Lonny Baumgardner Managing Director
Novum Securities Limited Tel: +44 (0) 207 399 9425
Jon Belliss
Optiva Securities Limited Tel: +44 (0) 203 137 1902
Christian Dennis
Flagstaff Strategic and Investor Communications Tel: +44 (0) 207 129 1474
Tim Thompson predator@flagstaffcomms.com
Mark Edwards
Fergus Mellon
Notes to Editors:
Predator is operator of the Guercif Petroleum Agreement onshore
Morocco which is prospective for Tertiary gas in prospects less
than 10 kilometres from the Maghreb gas pipeline. The MOU-1 well
has been completed and a follow-up testing programme is being
finalised to coordinate with a further drilling programme beginning
in 2022.
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 to produce "greener" oil.
In addition, Predator also 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.
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END
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