Business
Placing - Correction to Total Shares
Placing - Correction to Total Shares.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n5 February 2025\n \n Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas\nPredator Oil & Gas Holdings Plc\n(\"Predator\" or the \"Company\" and together with its subsidiaries \"the Group\")\n \nPlacing to raise £2 million with two institutional investors for accelerated drilling activity 2025\n \nCorrection :\n \nTotal Voting Rights\nFollowing Admission, the Company has ordinary shares of no par value in issue, each with one vote per share (and none of which are held in treasury). The total number of voting rights in the Company is therefore 661,874,754. This figure of 661,874,754 may be used by shareholders in the Company as the denominator for calculations to determine if they have a notifiable interest in the share capital of the Company under the Disclosure Guidance and Transparency Rules, or if such interest has changed.\n \n \n \nHighlights\n \n \n· Accelerated further 2025 drilling activity in Morocco and Trinidad\n \n· MOU-5 \"Titanosaurus\" on schedule to commence drilling this month\n \nPredator Oil & Gas Holdings Plc (LSE: PRD), a Jersey based Oil and Gas Company with near-term drilling operations focussed on Morocco and Trinidad, is pleased to announce that it has conditionally placed 50 million new ordinary shares of no par value in the Company (the \"Placing Shares\") at a placing price of 4 pence each (the \"Placing Price\") to raise £2 million (before expenses) (the \"Placing\").\nThe Placing utlises some of the Company's existing headroom shares under the Financial Conduct's Authority Prospectus Regulation Rules.\n \nStrategic Investors\n \nThe Strategic Investors have a very good understanding of the oil and gas sector and wish to be cornerstone investors in the Company going forward\n \nThey recognize the management's potential to execute and transform potentially high value multiple projects in Morocco and Trinidad through an accelerated drilling programme following the completion of the upcoming MOU-5 well in Mo...