RNS2 Oct 2024 15:22
FOR IMMEDIATE RELEASE
02 October 2024
Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas
LEI 213800L7QXFURBFLDS54
Predator Oil & Gas Holdings Plc
("Predator" or the "Company" and together with its subsidiaries the "Group")
Issuance of Share Options and Lapse of Share Options
Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term hydrocarbon operations focused on Morocco and Trinidad, advises of the issuance of the following options over new Ordinary Shares:
Issuance of Options to Dr. Stephen Boldy - Non-executive director and Chairman
The Board's Remuneration Committee has resolved to make the following award of unallocated share options under the Company's existing option scheme following his appointment as Non-executive director and Chairman of Predator Oil & Gas Holdings Plc.
To Dr. Stephen Boldy (Director):
- Award of 3,000,000 Options
Options issued on 1 October 2024 to Dr. Stephen Boldy are exercisable at 10.5 pence per share.
1,000,000 share options will vest immediately and the remaining 2,000,000 share options will vest either after 3 months; or upon the first gas flow rate from the MOU-3 well in the Guercif Licence; or when production from the Cory Moruga Exploration and Production Licence reaches 100 barrels of oil per day, whichever occurs first.
Lapse of Share Options
In accordance with the terms and conditions of the Rules of the Predator Oil & Gas Holdings Plc Unapproved Share Option Scheme dated 7 October 2020, share options granted to a former director as an eligible person have lapsed as follows:
7,500,000 share options at an exercise price of 10 pence
7,855,486 share options at an exercise price of 8 pence
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