Predator Oil & Gas Holdings PLC Admission of Shares (5418C)

TIDMPRD

RNS Number : 5418C

Predator Oil & Gas Holdings PLC

12 October 2022

FOR IMMEDIATE RELEASE

12 October 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")

Admission of Shares

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, announces that further to the Company's announcement of 7 October 2022 that it had received an exercise notice from Sarah Cope, a former director, in respect of share options issued to her pursuant to the Company's unapproved share option scheme, 1,001,370 Ordinary Shares of no par value, ranking pari passu with the existing ordinary shares of the Company, were admitted to listing on the Official List (standard listing segment) and to trading on the London Stock Exchange's main market for listed securities ("Admission") effective at 8.00 am today.

Total Voting Rights

Following Admission, the Company has shares of no par value in issue, each with one vote per share (and none of which are held in treasury). The total number of voting rights in the Company is therefore 355,598,217. This figure of 355,598,217 may be used by shareholders in the Company as the denominator for calculations to determine if they have a notifiable interest in the share capital of the Company under the 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 Sarah Cope, 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                 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 GBP2,023,225.

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: [phone] 
  Paul Griffiths Executive Chairman                 [e-mail] 
  Lonny Baumgardner Managing Director 
 
 Novum Securities Limited                          Tel: [phone] 
  David Coffman / Jon Belliss 
 
  Optiva Securities Limited                         Tel: [phone] 
  Christian Dennis 
 
 Flagstaff Strategic and Investor Communications   Tel: [phone] 
  Tim Thompson                                      [e-mail] 
  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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October 12, 2022 02:00 ET (06:00 GMT)