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Predator Oil & Gas Holdings PLC: Exercise of Warrants
Home / Client News / Predator Oil & Gas Holdings PLC: 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 Optiva Securities Limited (“Optiva”) in respect of 2,035,714 warrants issued to it pursuant to warrant agreements with the Company:

1,875,000 of the warrants are exercisable at 4 pence per share whilst the balance of 160,714 warrants are exercisable at 2.8 pence per share

The Company has therefore allotted and issued to Optiva the total of 2,035,714 new ordinary shares (the “New Shares”) following receipt of the aggregate £79,500.

Application is being made for the New Shares to be admitted listing on the Official List  and to trading on the Main Market of the London Stock Exchange’s which is expected to be on or around 9 March 2023.

The New Shares rank pari passu with the existing ordinary shares of the Company. Following the issue of the New Shares, the Company’s issued ordinary share capital shall consist of 385,794,903 ordinary shares of no par value. The figure of 385,794,903 represents the total voting rights in the Company and should be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s (“FCA”) Disclosure Guidance & Transparency Rules.

Applications will be made to the FCA and to the London Stock Exchange for Admission in respect of all the Issue Shares proposed to be issued on completion of the Further Issue.  It is expected that Admission will become effective, and that dealings in the Issue Shares are expected to commence, at 8.00 a.m. on 9 March 2023.

Exercise of Warrants – 08:40:06 06 Mar 2023 – PRD News article | London Stock Exchange


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