Business
Further issue of 11,784,845 new Ordinary Shares
Further issue of 11,784,845 new Ordinary Shares.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5633B\n Predator Oil & Gas Holdings PLC\n 11 June 2021\n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n 11 June 2021\n \n \n \n \n \n Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas\n \n \n LEI 213800L7QXFURBFLDS54\n \n \n Predator Oil & Gas Holdings Plc\n \n \n (\"Predator\" or the \"Company\" and together with its subsidiaries \"the Group\")\n \n \n \n \n \n Further issue of 11,784,845 new Ordinary Shares\n \n \n \n \n \n Return of shares to Paul Griffiths\n \n \n As announced on 25 March 2021 as part of the Company's placing to raise £1.785 million (the Placing), when the Company has the ability to issue further shares, the Company intends to issue Paul Griffiths 11,784,845 new Ordinary Shares and take all necessary steps in order to put Mr Griffiths back into the position that existed, in terms of his aggregate shareholding in the Company, had he not made the transfer of 11,784,845 of his Ordinary Shares in order to settle the Placing.\n The Company now has such ability and accordingly is pleased to announce that it intends to issue 11,784,845 new Ordinary Shares (the \"Issue Shares\") of no par value in the Company to Paul Griffiths (the \"Further Issue\").\n The Further Issue utilises some of the Company's existing headroom shares under the Financial Conduct Authority restrictions for companies on the Official List (standard listing segment) of the London Stock Exchange's main market for list securities.\n Novum Securities are acting as joint broker to the Company.\n Completion of the Further Issue\n \n Completion of the Further Issues is conditional on, inter alia:-\n \n \n the Issue Shares being 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\") on or before 23 June 2021 (or such later date as may be agreed by the Company and Novum Securities).\n \n \n Admission, Settlement and Dealings in Issue Shares\n \n \n 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 com...