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 it has received an exercise notice from Louis Castro, a former director, in respect of 1,000,000 share options issued to him pursuant to the Company’s unapproved share option scheme:

dated 27 October 2020 (to subscribe for 1,650,000 new shares of no par value each in the Company (“New Ordinary Shares”) at 5p per share.

The Company has therefore allotted and issued the total of 1,000,000 New Ordinary Shares following receipt of the aggregate £50,000 subscription price from Louis Castro. 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 26 May 2023.

The Company advises that, following this Admission, the Company’s issued share capital will be  426,403,414  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 426,403,414

The above figure of 426,403,414  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.

Exercise of Share Options – 07:00:04 22 May 2023 – PRD News article | London Stock Exchange

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