Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Predator Oil & Gas Holdings Plc | LSE:PRD | London | Ordinary Share | JE00BFZ1D698 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.33 | -4.53% | 6.95 | 6.70 | 7.20 | 6.95 | 6.75 | 6.85 | 1,001,828 | 15:14:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -4.82M | -0.0079 | -8.80 | 44.54M |
TIDMPRD
RNS Number : 1119A
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 GBP50,000 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 Tel: +44 (0) 1534 834 600 Paul Griffiths Executive Chairman Info@predatoroilandgas.com Lonny Baumgardner Managing Director Fox-Davies Capital Tel +44 (0)2038847447 Jerry Keen jerry@fox-davies.com Novum Securities Limited Tel: +44 (0) 207 399 9425 David Coffman / 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 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.
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May 22, 2023 02:00 ET (06:00 GMT)
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