Business
Partial return of shares to Paul Griffiths
Partial return of shares to Paul Griffiths.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n \n \n \n FOR IMMEDIATE RELEASE \n \n \n \n 10 November 2022\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 \n Predator Oil & Gas Holdings Plc\n \n \n \n \n (\"Predator\" or the \"Company\" and together with its subsidiaries \"the Group\")\n \n \n \n \n \n \n \n \n \n Further issue of 10,000,00 new Ordinary Shares\n \n \n \n \n \n \n \n \n \n Partial return of shares to Paul Griffiths\n \n \n \n As announced on 17 August 2022 as part of the Company's placing to raise £3.3 million (the Placing),\n when the Company has the ability to issue further shares, the Company intends to issue Paul Griffiths 15,000,000 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 15,000,000 of his Ordinary Shares in order to settle the Placing.\n \n \n The Company now has such ability and accordingly is pleased to announce that it intends to issue 10,000,000 new Ordinary Shares (the \"Issue Shares\") of no par value in the Company to Paul Griffiths (the \"Further Issue\") in order to part fulfil the Company's obligation to return 15,000,000 Ordinary Shares to Paul Griffiths.\n \n \n The Further Issue utilises most 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 \n \n Novum Securities are acting as joint broker to the Company.\n \n \n \n Completion of the Further Issue\n \n \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 around 15 November 2022 (or such later date as may be agreed by the Company and Novum Securities).\n \n \n \n Admission, Settlement and Dealings in Issue Shares\n \n \n \n Applications will be made to the FCA and to the Main Market of the London Stock Exchange for Admission in respect of all the Issue Shares proposed to be issued on completion of the Further Issue....