Business
Exercise of Share Options
Exercise of Share Options.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n22 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\n \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 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:\ndated 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.\nThe 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.\nThe 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\nThe above figure of 426,403,414 may be used by shareholders as the denominator for the calculations to determine if ...