Business
Exercise of Options and Placing of Shares
Exercise of Options and Placing of Shares.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n12 May 2023\n \n Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas\n LEI 213800L7QXFURBFLDS54\nPredator Oil & Gas Holdings Plc\n(\"Predator\" or the \"Company\" and together with its subsidiaries the \"Group\")\n \nExercise of Share Options by Directors, Placing to raise £1,449,764 before expenses to advance Financial Investment Decision for a CNG development and subsequent reimbursement to Directors\n \nHighlights\n \n \n \n· Drilling and testing operations to recommence beginning of June\n \n· Targeting potential FID for CNG \"Proof of Concept\" by September\n \n· Sandjet perforating technology introduces exciting new additional opportunities for unconventional gas\n \n· Executive directors backing the operating strategy by foregoing £507,599 of Directors' Loans in favour of compensation based on well testing results.\n \n \nExercise of Share Options\nPredator 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 exercise notices 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:\n· dated 9 November 2022 (to subscribe for 15,000,000 new ordinary shares of no pa...