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Pin to quick picksPredator Oil Regulatory News (PRD)

Share Price Information for Predator Oil (PRD)

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Share Price: 8.75
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Result of the Placing

1 Aug 2023 07:00

RNS Number : 8163H
Predator Oil & Gas Holdings PLC
01 August 2023
 

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, NEW ZEALAND OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.

THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR A SOLICITATION TO BUY SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA AND NEW ZEALAND OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL OR ‎CONTRAVENE ANY REGISTRATION OR QUALIFICATION REQUIREMENTS UNDER THE SECURITIES LAWS OF ANY SUCH ‎JURISDICTION‎. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

1 August 2023

Predator Oil & Gas Holdings plc

("Predator" or the "Company")

Result of the Placing

Further to its announcement of 4.35 p.m. of 31 July 2023 Predator Oil & Gas Holdings plc (LSE: PRD), a Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce that the Bookbuild was oversubscribed and it has successfully raised gross proceeds of £10 million, with good new institutional support, pursuant to the Placing. 

A total of 90,909,090 new ordinary shares of nil par value ("Ordinary Shares") were placed with investors ("Placing Shares"), at an issue price of 11 pence (the "Placing Price").

Admission of new Ordinary Shares

Application will be made for the Placing Shares to be admitted to trading on the standard segment of the main market of London Stock Exchange plc ("Admission"). It is anticipated that Admission will take place at or around 8.00 a.m. (London time) on 15 August 2023 (or such later date as many be agreed between the Company, Novum and Fox-Davies) but in any event not later than 8.00 a.m. on 31 August 2023. 

The Company does not currently have the ability under the Prospectus Regulation Rules to enable admission of the Placing Shares. The Company is working with its advisers to obtain approval of a prospectus (the "Prospectus") which is in the late stages of the vetting process with the FCA. In the event that the Prospectus is not approved by the FCA in time to enable Admission on 15 August 2023, Admission will be delayed to ensure that the Company will have sufficient headroom under the Prospectus Regulation Rules to enable Admission. Admission will take place no later than the back stop date of 8.00 am on 31 August 2023.

The Placing is conditional upon, inter alia, Admission becoming effective and the placing agreement between the Company, Novum and Fox-Davies ("Placing Agreement") not having been terminated.‎ The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the Company's existing issued Ordinary Shares.

Total Voting Rights

Following Admission of the 90,909,090 Placing Shares, the Company's issued share capital will consist of 517,312,508 Ordinary Shares. The Company holds no Ordinary Shares in treasury.

Therefore, the total number of voting rights in shares in the Company is 517,312,508, which is the figure which should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Predator shares under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the same meanings as set out in the fundraise announcement of the Company released at 4.35 p.m. (GMT) on 31 July 2022.

 

Enquiries:

 

Predator Oil & Gas plc

Paul Griffiths Executive Chairman

Lonny Baumgardner Managing Director

 

Tel: +44 (0) 1534 834 600

Info@predatoroilandgas.com

Novum Securities Limited

David Coffman / Colin Rowbury

 

Tel +44 (0)20 7399 9400

 

Fox-Davies Capital Limited

Jerry Keen

 

Tel +44 (0)203 884 7447

jerry@fox-davies.com

 

Flagstaff Strategic and Investor Communications

Tim Thompson

Mark Edwards

Fergus Mellon

 

Tel: +44 (0)207 129 1474

predator@flagstaffcomms.com

About Predator

 

Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary gas less than 10 kilometres from the Maghreb gas pipeline. The MOU-1 well drilled in 2021 is being prepared for a follow-up testing programme to coordinate with a further drilling programme to move the project to a CNG development stage.

 

Predator is seeking to further develop the remaining oil reserves of Trinidad's mature onshore oil fields through the application of CO2 EOR techniques and by sequestrating anthropogenic carbon dioxide.

 

Predator owns and operates exploration and appraisal assets in licensing options offshore Ireland, for which successor authorisations have been applied for, adjoining Vermilion's Corrib gas field in the Slyne Basin on the Atlantic Margin and east of the decommissioned Kinsale gas field in the Celtic Sea. 

 

Predator has developed a Floating Storage and Regasification Project ("FSRUP") for the import of LNG and its regassification for Ireland and is also developing gas storage concepts to address security of gas supply and volatility in gas prices during times of peak gas demand.

 

The Company has a highly experienced management team with a proven track record in operations in the oil and gas industry.

 

For more information, visit www.predatoroilandgas.com

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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ROIRBMMTMTBJTRJ
Date   Source Headline
13th May 20097:00 amRNSFirst Quarter Results
11th May 200910:02 amRNSMonthly Commentary
5th May 200911:50 amRNSNet Asset Value(s)
23rd Apr 20094:37 pmRNSAnnual Report and Accounts
23rd Apr 20094:36 pmRNSNotice of AGM
17th Apr 20099:16 amRNSNotice of Results
14th Apr 20099:34 amRNSMonthly Investor Commentary
7th Apr 200911:38 amRNSResult of EGM
3rd Apr 20092:55 pmRNSDirector/PDMR Shareholding
2nd Apr 20092:35 pmRNSNet Asset Value(s)
16th Mar 20093:03 pmRNSAnnual Results
11th Mar 20095:17 pmRNSNotice of EGM
11th Mar 20099:20 amRNSMONTHLY INVESTOR COMMENTARY
10th Mar 20094:55 pmRNSHolding(s) in Company
3rd Mar 200910:27 amRNSNet Asset Value(s)
27th Feb 20094:26 pmRNSAnnual Information Update
25th Feb 20095:13 pmRNSSterling Conversion
24th Feb 20091:25 pmRNSNotice of EGM
10th Feb 20099:53 amRNSMonthly Commentary
10th Feb 20097:01 amRNSDividend Announcement
10th Feb 20097:00 amRNSFourth Quarter Results
5th Feb 20094:17 pmRNSHolding(s) in Company
3rd Feb 200910:44 amRNSNet Asset Value(s)
30th Jan 20099:23 amRNSNotice of Results
9th Jan 200910:52 amRNSMonthly Commentary
6th Jan 20094:35 pmRNSPrice Monitoring Extension
5th Jan 20094:55 pmRNSDirector/PDMR Shareholding
5th Jan 200910:48 amRNSNet Asset Value(s)
24th Dec 200811:11 amRNSHolding(s) in Company
11th Dec 20089:58 amRNSMonthly Commentary
4th Dec 200811:20 amRNSResult of EGM
2nd Dec 20084:35 pmRNSPrice Monitoring Extension
2nd Dec 200810:45 amRNSNet Asset Value(s)
27th Nov 20084:44 pmRNSHolding(s) in Company
24th Nov 20084:41 pmRNSPrice Monitoring Extension
24th Nov 20084:20 pmRNSHolding(s) in Company
24th Nov 20084:11 pmRNSHolding(s) in Company
19th Nov 20084:00 pmRNSSterling Conversion Re: Q3 2008 Dividend
11th Nov 20089:12 amRNSMonthly Commentary
7th Nov 20084:45 pmRNSNotice of EGM
4th Nov 20087:00 amRNSDividend Declaration
4th Nov 20087:00 amRNSMonthly NAV
4th Nov 20087:00 amRNSNotice of EGM
4th Nov 20087:00 amRNSThird Quarter Results
15th Oct 20083:18 pmRNSNotice of Results - Amendment
15th Oct 20089:19 amRNSNotice of Results
8th Oct 20089:08 amRNSMonthly Commentary
2nd Oct 200812:15 pmRNSNet Asset Value(s)
23rd Sep 200811:37 amRNSDirector/PDMR Shareholding
10th Sep 20089:06 amRNSInvestor Commentary

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