Predator Oil & Gas Holdings PLC Issue of Shares to Executive Directors (4410V)
01 Dicembre 2023 - 2:34PM
UK Regulatory
TIDMPRD
RNS Number : 4410V
Predator Oil & Gas Holdings PLC
01 December 2023
FOR IMMEDIATE RELEASE
1 December 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")
Issue of Shares to Executive Directors
Predator, the Jersey-based Oil and Gas Company with operations
in Trinidad, Morocco and Ireland, advises of the issuance of the
following new Ordinary Shares:
Issuance Shares to Executive directors
In recognition of the work undertaken to bring forth the
Company's drilling programme in Morocco and successful drilling
results, the Company's Remuneration Committee have resolved to make
the following award of new Ordinary Shares under the Executive
Directors bonus scheme:
To: Paul Griffiths (Executive Chairman):
Award of 1,329,787 Shares
To: Lonny Baumgardner
Award of 1,329,787 Shares
The award comprises 50% of the Executive Directors overall bonus
related to the drilling programme in Morocco and represents an
award of GBP125,000 to each of Paul Griffiths and Lonny Baumgardner
at the closing mid-market share price of 30 November 2023. The
remaining 50% remains payable and the Executive Directors have the
option of receiving the remaining amount by way of additional
shares or cash at their discretion.
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 7 December
2023.
The Company advises that, following this Admission, the
Company's issued share capital will be 565,161,662 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
565,161,662.
The above figure of 565,161,662 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
Novum Securities Limited Tel: +44 (0)207 399 9425
David Coffman / Jon Belliss
Fox-Davies Capital Tel +44 (0)203 884 7447
Jerry Keen jerry@fox-davies.com
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 and the MOU-3 well drilled in 2023 have been completed for
rigless testing in 2024. Focus is on supplying compressed natural
gas to the Moroccan industrial market. Further drilling activity is
being progressed to evaluate Jurassic prospects.
Predator is seeking to apply CO2 EOR techniques onshore Trinidad
which have the advantage of sequestrating anthropogenic carbon
dioxide. Acquisition opportunities are also being progressed which
are compatible with this strategy.
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 successfully executing operations in the oil
and gas sector.
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END
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