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Share Price Information for Predator Oil (PRD)

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Share Price: 10.50
Bid: 10.00
Ask: 11.00
Change: 0.25 (2.44%)
Spread: 1.00 (10.00%)
Open: 10.25
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Low: 10.25
Prev. Close: 10.25
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Further to Issue of Equity

11 Apr 2008 12:02

Prodesse Investment Limited11 April 2008 Not for release, publication or distribution in, or into, the United States, Australia, Canada or Japan 11 April 2008 Prodesse Investment Limited RESULT OF PLACING OF NEW ORDINARY SHARES PLACING PRICE SET AT 368 PENCE PER NEW ORDINARY SHARE Prodesse Investment Limited (the 'Company') announces that, further to theannouncement earlier today (the 'Announcement'), a total of 2,816,500 newordinary shares of U.S.$0.01 each in the Company (the 'Placing Shares') havebeen placed by Merrill Lynch International ('Merrill Lynch') and Daniel Stewart& Company plc ('Daniel Stewart') at a price of 368 pence per Placing Share,raising gross proceeds of approximately £10.4 million (the 'Placing'). Application will be made for, and the Placing is conditional upon, inter alia,admission of the Placing Shares to listing on the Official List maintained bythe UK Listing Authority and upon admission to trading by London Stock Exchangeplc on its main market for listed securities (together, 'Admission'). It isexpected that Admission will become effective and that dealings will commence inthe Placing Shares at 8:00am on 16 April 2008. Application will also be madefor the Placing Shares to be admitted to trading on the Channel Islands StockExchange, LBG. Subject to the conditions being satisfied, the Placing Shareswill be issued credited as fully paid and will rank pari passu in all respectswith the existing issued ordinary shares of U.S.$0.01 per share in the capitalof the Company. Enquiries: Prodesse Investment Limited:John Hallam Chairman +44 (0)1481 250879 Fixed Income Discount Advisory CompanyRonald Kazel Director +1 212 696 0100 Merrill Lynch InternationalRupert Hume Kendall +44 (0)20 7996 1000Andrew Tusa +44 (0)20 7996 1000 Daniel Stewart & CompanyGraham Webster +44 (0)20 7776 6550Chloe Ponsonby +44 (0)20 7776 6550 Defined terms used in this announcement have, unless the context otherwiserequires, the same meaning given to them in the Announcement. This announcement has been issued by and is the sole responsibility of Prodesse. Merrill Lynch is acting for the Company and no-one else in relation to thePlacing and will not be responsible to any person other than the Company forproviding the protections afforded to clients of Merrill Lynch or for providingadvice in relation to the Placing or in relation to the contents of thisannouncement or any other transaction, arrangement or matter referred to herein. Daniel Stewart is acting for the Company and no-one else in relation to thePlacing and will not be responsible to any person other than the Company forproviding the protections afforded to clients of Daniel Stewart or for providingadvice in relation to the Placing or in relation to the contents of thisannouncement or any other transaction, arrangement or matter referred to herein. This announcement is for information purposes only and does not constitute anoffer to issue or sell, or the solicitation of an offer to acquire or buy, anysecurities to any person in any jurisdiction. In particular, this announcementdoes not constitute an offer to issue or sell, or the solicitation of an offerto acquire, buy or subscribe for, any securities in the United States, Canada,Australia or Japan. The Placing Shares have not been, nor will they be, registered under theSecurities Act or with any securities regulatory authority of any State or otherjurisdiction of the United States, and accordingly may not be offered, sold ortransferred within the United States except pursuant to an exemption from, or ina transaction not subject to, registration under the Securities Act. No publicoffering of the Placing Shares will be made in the United States. The PlacingShares are being offered and sold only outside the United States to persons whoare not U.S. persons as defined in and in accordance with Regulation S under the Securities Act. The Company has not been and will not be registered under theInvestment Company Act and investors will not be entitled to the benefits ofsuch registration. Any indication in this announcement of the price at which Ordinary Shares havebeen bought or sold in the past cannot be relied upon as a guide to futureperformance. No statement in this announcement is intended to be a profitforecast or dividend forecast and no statement in this announcement should beinterpreted to mean that earnings per share of the Company for the current orfuture financial years would necessarily match or exceed the historicalpublished earnings per share of the Company. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
20th Oct 20208:25 amRNSOperational Update CO2 EOR Trinidad
5th Oct 20207:00 amRNSOperational Update and CO2 Supply Trinidad
30th Sep 20207:00 amRNSInterim Results
24th Aug 20202:43 pmRNSStatement in relation to share price movement
30th Jul 20207:00 amRNSNew Corporate Presentation
22nd Jul 20207:00 amRNSOffer to Acquire FRAM Exploration (Trinidad) Ltd.
14th Jul 20207:00 amRNSBoard Appointment
30th Jun 20207:00 amRNSMOROCCO – Operations Update
29th Jun 20202:01 pmRNSPrice Monitoring Extension
29th Jun 20201:04 pmRNSBoard Changes & Communications Advisor Appointment
29th Jun 20201:03 pmRNSResult of Annual General Meeting
15th Jun 20207:00 amRNSPredator LNG Ireland Limited
3rd Jun 20204:41 pmRNSSecond Price Monitoring Extn
3rd Jun 20204:36 pmRNSPrice Monitoring Extension
3rd Jun 20202:05 pmRNSSecond Price Monitoring Extn
3rd Jun 20202:00 pmRNSPrice Monitoring Extension
3rd Jun 202011:05 amRNSSecond Price Monitoring Extn
3rd Jun 202011:00 amRNSPrice Monitoring Extension
3rd Jun 20209:05 amRNSSecond Price Monitoring Extn
3rd Jun 20209:00 amRNSPrice Monitoring Extension
1st Jun 20207:00 amRNSPilot Enhanced Oil Recovery onshore Trinidad
29th May 20208:30 amRNSAnnual Report and Notice of AGM
29th May 20207:00 amRNSNew business development opportunity
20th May 20202:30 pmRNSStandard form for notification of major holdings
14th May 20201:46 pmRNSRedemption of remaining Arato Loan Notes & Placing
14th May 20201:45 pmRNSIssue of Equity
13th May 20207:00 amRNSPilot Enhanced Oil Recovery Onshore Trinidad
12th May 20207:00 amRNSIssue of Equity
5th May 20204:41 pmRNSSecond Price Monitoring Extn
5th May 20204:35 pmRNSPrice Monitoring Extension
5th May 20207:00 amRNSFinal Results
16th Apr 20202:05 pmRNSSecond Price Monitoring Extn
16th Apr 20202:00 pmRNSPrice Monitoring Extension
14th Apr 202011:27 amRNSIssue of Equity
6th Apr 202012:48 pmRNSAdmission of Shares
2nd Apr 20204:40 pmRNSSecond Price Monitoring Extn
2nd Apr 20204:36 pmRNSPrice Monitoring Extension
31st Mar 20207:00 amRNSCompany Update
25th Mar 202011:33 amRNSResult of GM
10th Mar 20207:00 amRNSStandard form for notification of major holdings
10th Mar 20207:00 amRNSStandard form for notification of major holdings
5th Mar 20207:00 amRNSNotice of GM
4th Mar 20207:00 amRNSApproval Guercif Environmental Impact Assessment
2nd Mar 20207:00 amRNSDirector/PDMR Shareholding
2nd Mar 20207:00 amRNSDirector/PDMR Shareholding
2nd Mar 20207:00 amRNSDirector/PDMR Shareholding
28th Feb 20209:34 amRNSAdmission of Placing Shares
25th Feb 20208:03 amRNSGuercif Drilling Team Update
19th Feb 202010:17 amRNSGuercif Rig Option Exercised
14th Feb 20203:31 pmRNSPlacing to Raise £3.56 Million

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