Rns20 Feb 2025 07:17
Issuance of Options to Directors:
The Board's Remuneration Committee has resolved to make an award of 45,000,000 unallocated share options under the Company's existing option scheme:
1. Dr. Stephen Boldy Non-executive director and Chairman : 7,500,000 options
2. Mr Paul Griffiths Chief Executive and director: 18,500,000 options
3. Mr Alistair Jury Non-executive director 7,500,000 options
4. Mr Carl Kindinger Non-executive director 7,500,000 options
5. Mr Geoffrey Leid Director 4,000,000 options
All the above share options are exercisable at 5.5p per share
The vesting conditions and phased vesting dates are as follows:
· 25% of the award on commencement of MOU-5 drilling
· 25% of the award after 9 months or on announcement of the completion of the acquisition of Challenger Energy Group Plc's Trinidad & Tobago companies, whichever occurs first
· 25% of award after 6 months or announcement of positive MOU-3 testing results, whichever occurs first
· 25% of award on announcement of achieving 500boe/pd net to Predator in Trinidad.
For further information visit www.predatoroilandgas.com
Follow the Company on X @PredatorOilGas.