Business
Issue of Shares to Executive Directors
Issue of Shares to Executive Directors.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n1 December 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 \n Issue of Shares to Executive Directors\n \n \nPredator, the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland, advises of the issuance of the following new Ordinary Shares:\n \nIssuance Shares to Executive directors\n \nIn recognition of the work undertaken to bring forth the Company's drilling programme in Morocco and successful drilling results, the Company's Remuneration Committee have resolved to make the following award of new Ordinary Shares under the Executive Directors bonus scheme:\n \nTo: Paul Griffiths (Executive Chairman):\n Award of 1,329,787 Shares\n \nTo: Lonny Baumgardner\n Award of 1,329,787 Shares\n \nThe award comprises 50% of the Executive Directors overall bonus related to the drilling programme in Morocco and represents an award of £125,000 to each of Paul Griffiths and Lonny Baumgardner at the closing mid-market share price of 30 November 2023. The remaining 50% remains payable and the Executive Directors have the option of receiving the remaining amount by way of additional shares or cash at their discretion. \n \nThese 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 E...