TIDMPRD
RNS Number : 0875S
Predator Oil & Gas Holdings PLC
12 July 2022
FOR IMMEDIATE RELEASE
12 July 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 Warrants
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil
and Gas Company with operations in Trinidad, Morocco and Ireland
announces that it has received an exercise notice from Novum
Securities Limited ("Novum") in respect of warrants issued to it
pursuant to warrant agreements with the Company:
dated 24 May 2018 (in connection with the Placing carried out by
the Company in May 2018 on admission of the Company to the Official
List (standard listing segment) of the London Stock Exchange's main
market for listed securities) to subscribe for 1,892,960 new shares
of no par value each in the Company ("New Ordinary Shares") at 2.8p
per share, and
dated 17 February 2020 (in connection with the Placing carried
out by the Company in February 2020) to subscribe for 2,256,250 new
shares of no par value each in the Company ("New Ordinary Shares")
at 4p per share.
The Company has therefore allotted and issued the total of
4,149,210 New Ordinary Shares following receipt of the aggregate
GBP143,252.88 subscription price from Novum. 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").
The Company advises that, following this Admission, the
Company's issued share capital will be 308,595,477 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
308,595,477.
The above figure of 308,595,477 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 46,871,508 4,005,486 3,850,000 Nil Nil
------------- ------------- ------------ ------------ -------------
Stephen Staley 669,600 1,001,370 1,650,000 Nil Nil
------------- ------------- ------------ ------------ -------------
Louis Castro Nil Nil 1,650,000 1,000,000 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 warrants by Novum, 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 5,006,856 7,150,000 Nil 8,855,486 4,000,000
---------- ------------ ------------ ------------ -------------
Previous 1,001,370 Nil Nil Nil
director
---------- ------------ ------------ ------------ -------------
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) and 9 pence per share (690,000 on 28 March 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 GBP1,881,301.
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
Peterhouse Capital Limited Tel: +44 (0) 207 220 9791
Charles Goodfellow
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
developed and a further drilling programme is under review.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCGPUMAMUPPGMG
(END) Dow Jones Newswires
July 12, 2022 02:00 ET (06:00 GMT)
Predator Oil & Gas (LSE:PRD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Predator Oil & Gas (LSE:PRD)
Historical Stock Chart
From Apr 2023 to Apr 2024
