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Last checked at 
17 Jan 2024 07:00
17 January 2024
Wildcat Petroleum Plc
("Wildcat", "WCAT" or the "Company")
Issue of Warrants
Wildcat Petroleum plc (LSE: WCAT), a company targeting investment opportunities in business and assets within the upstream sector of the petroleum industry, announces the issue of warrants to Directors and our Financial Adviser.
Following a review of salaries paid to the Directors and its Financial Adviser, warrants are being issued in lieu of an increase in fees to Mandhir Singh (Executive Director), Glyn Roberts (Executive Director) and Guild Financial Advisory Limited (Financial Adviser) to conserve the Company's working capital.
The warrants are exercisable at a strike price of 0.25 pence ("Warrants") and have an expiry date of 31 December 2027. Warrants being issued are detailed below:
Name | Number of Warrants being issued | Total number of Warrants held on the date on which the Warrants were issued | Shareholding upon exercise of total number of Warrants held | % of issued share capital upon exercise of Warrants |
Mandhir Singh | 35,000,000 | 35,000,000 | 1,742,325,000 | 61.06% |
Glyn Roberts | 15,000,000 | 15,000,000 | 38,700,000 | 1.36% |
Guild Financial Advisory Limited | 500,000 | 500,000 | 500,000 | 0.02% |
Following the above issue of Warrants, the total number of Warrants in issue is 50,500,000 equating to 1.77% of the Company's enlarged share capital assuming full exercise of all warrants and share options.
For further information please contact:
Enquiries: | ||||
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NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name: | Mandhir Singh | ||||||
2. | Reason for the notification | |||||||
a) | Position/status: | Executive Director | ||||||
b) | Initial notification/Amendment: | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name: | Wildcat Petroleum Plc | ||||||
b) | LEI: | 213800PPETBUU3UZRU78 | ||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary Shares of 0.000028 pence each GB00BMQC7357
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b) | Nature of the transaction: | Warrants in lieu of an increase in Directors fees | ||||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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e) | Date of the transaction: | 17 January 2024
07:00 BST | ||||||
f) | Place of the transaction: | Outside a trading venue | ||||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name: | Glyn Roberts | ||||||
2. | Reason for the notification | |||||||
a) | Position/status: | Executive Director | ||||||
b) | Initial notification/Amendment: | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name: | Wildcat Petroleum Plc | ||||||
b) | LEI: | 213800PPETBUU3UZRU78 | ||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary Shares of 0.000028 pence each GB00BMQC7357
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b) | Nature of the transaction: | Warrants in lieu of an increase in Directors fees | ||||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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e) | Date of the transaction: | 17 January 2024
07:00 BST | ||||||
f) | Place of the transaction: | Outside a trading venue | ||||||
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