Issuance of Share Options
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Predator, the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland, advises of the issuance of the following options over new Ordinary Shares:
Issuance of Options to Non-executive directors
The Board's Executive Directors have resolved to make the following award of unallocated share options the "Options") under the Company's existing option scheme
To: Alistair Jury (Non-executive Director):
Award of 3,000,000 Options
To: Carl Kindinger
Award of 3,000,000 Options
Options issued on 12 October 2023 to Alistair Jury and Carl Kindinger are exercisable at 12.5 pence per share. Fifty percent (50%) of the Options (1,500,000) will vest upon the release of an RNS in respect of the rigless testing results for the Guercif Licence and fifty percent upon the release of an RNS in respect of the completion of the acquisition of TRex Holdings Trinidad Limited and the Cory Moruga project.
Total Options and Warrants on issue
Following the issuances of the options announced herein, the total options and warrants outstanding in the Company are as follows:
| OPTIONS¹ 27 October 2020 | WARRANTS² | OPTIONS³ 31 January 2022 | OPTIONS⁴ 5 July 2022 | |
|---|---|---|---|---|
| Directors | Nil | 2,000,000 | ||
| Previous director | 1,650,000 | Nil | 1,000,000 | 2,000,000 |
| Advisers and directors of Group subsidiary companies | Nil | 17,880,180 | Nil | Nil |
| OPTIONS⁵ 9 November 2022 | OPTIONS⁶ | OPTIONS 27 March 2023 | OPTIONS 12 October 2023 | |
| Directors | 13.598,923 | 15,710,972 | Nil | 6,000,000 |
| Previous director | Nil | Nil | ||
| Advisers and directors of Group subsidiary companies | Nil | 3,000,000 |
- 27/10/20 options are exercisable at 5 pence per share
- Warrants include outstanding warrants issued to Company advisers at
1,020,000 at an exercise price of 10.5 pence per share
600,000 at an exercise price of 15 pence per share
690,000 at an exercise price of 9 pence per share
1,800,000 at an exercise price of 5.5 pence per share
1,099,765 at an exercise price of 8 pence per share
2,181,810 at an exercise price of 6 pence per share
1,780,412 at an exercise price of 5.7 pence per share
1,080,000 at an exercise price of 10.5 pence per share
2,863,636 at an exercise price of 11 pence per share
5,454,546 at an exercise price of 11 pence per share
- 31/01/22 share options are exercisable at 5.66 pence per share.
- 05/07/22 share options are exercisable at 8.125 pence per share.
- 09/11/22 11,598,923 share options are exercisable at 10 pence per share
2,000,000 share options are exercisable at 7.75 pence per share
- 27/03/23 share options are exercisable at 8.125 pence per share
- 12/05/23 15,710,972 share options are exercisable at 8.0 pence per share
3,401,077 share options are exercisable at 10 pence per share
If all options and warrants were to become exercisable and then exercised in accordance with their terms, gross proceeds received by the Company would be £5,982,951.
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