Issuance of Share Options & Lapse of Share Options
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your PRD notes
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
Follow the Company on X @PredatorOilGas.
| a) | Name | Dr. Stephen Boldy |
| 2. | Reason for the notification | |
| a) | Position/status | Non-executive director and Chairman |
| b) | Initial notification / Amendment | Initial Notification |
| a) | Name | Predator Oil & Gas Holdings Plc |
| b) | LEI | 213800L7QXFURBFLDS54 |
| a) | Description of the financial instrument, type of instrument | Grant of share options |
| Identification code | ISIN: JE00BFZ1D698 | |
| b) | Nature of the transaction | |
| c) | Price(s) and volume(s) | Price (s) Volume (s) 10.5p 3,000,000 |
| d) | Aggregate information | |
| - Aggregate volume | 3,000,000 | |
| - Total Price | £315,000 | |
| e) | Date of the transaction | 1 October 2024 |
| f) | Place of the transaction | Off Exchange |
| g) | Additional information | N/A |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.