Client News

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, announces that further to the Company’s announcement of 12 May 2023 that it had received an exercise notice from Paul Griffiths, an executive director, in respect of 11,183,605 share options and Lonny Baumgardner, an executive director, in respect of 7,928,444 share options issued to them pursuant to the Company’s unapproved share option scheme, 19,112,049 Ordinary Shares of no par value ranking pari passu with the existing ordinary shares of the Company (the “Option Exercise Shares”), were admitted to listing on the Official List (standard listing segment) and to trading on the London Stock Exchange’s main market for listed securities (“Admission”) effective at 8.00 am today.

Further to the Company’s announcement of 12 May 2023 that it had also conditionally placed 2,500,000 of New Ordinary Shares (“First Tranche Shares”) at a placing price of £0.057 to raise £142,500 before expenses (the “First Tranche Placing”), the new First Tranche Placing Shares, being 2,500,000 Ordinary Shares of no par value were admitted to listing on the Official List (standard listing segment) and to trading on the London Stock Exchange’s main market for listed securities (“Admission”) effective at 8.00 am today.

The executive directors Paul Griffiths and Lonny Baumgardner agreed, with the approval of the independent non-executive Board members and Novum Securities Limited, to transfer their 19,112,049 Option Exercise Shares, resulting from the exercise of the share options noted above, to Novum Securities Limited at a price of £0.057 to raise £1,089,387 before expenses.

The total funds received by the Company was therefore £1,231,887 before expenses.

Total Voting Rights

Following Admission, the Company has 421,581,008 shares of no par value in issue, each with one vote per share (and none of which are held in treasury). The total number of voting rights in the Company is therefore 421,581,008. This figure of 421,581,008 may be used by shareholders in the Company as the denominator for calculations to determine if they have a notifiable interest in the share capital of the Company under the Disclosure Guidance and Transparency Rules, or if such interest has changed.

Admission of Shares – 07:00:04 22 May 2023 – PRD News article | London Stock Exchange

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