Wildcat Petroleum PLC Issue of Equity

RNS Number : 7101J

Wildcat Petroleum PLC

25 October 2024

 

25 October 2024

Wildcat Petroleum Plc

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

Placing to raise £156,000 

Wildcat Petroleum Plc ("WCAT" or "the Company") a company targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry is pleased to announce the placing of 130,000,000 New Ordinary Shares at a price of 0.12p raising £156,000, (£145,000, 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.

An application has been made to the London Stock Exchange and Financial Conduct Authority  for the New Ordinary Shares to be admitted to trading on the Main Market (shell companies segment). Admission is expected to occur on 30 October 2024.

Conditional on Admission, the Company's issued ordinary share capital will be 2,933,040,000 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.

 

Enquiries:

Wildcat Mandhir Singh	[e-mail]
Guild Financial Advisory Ross Andrews	[e-mail]

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/

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