Issue of Warrants
Wildcat Petroleum Plc has cancelled 225,000,000 warrants previously held by Directors and issued 382,500,000 new warrants to Directors in lieu of fees, demonstrating a prudent approach to cash conservation. The new warrants have an exercise price of 0.10 pence per share, a 53.85% premium to the recent closing share price, and expire on December 31, 2028. Following these transactions, the total number of outstanding warrants represents 15.48% of the Company's issued share capital.
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Wildcat Petroleum Plc ("WCAT") a company targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry announces that it has cancelled 225,000,000 Warrants relinquished by Directors of the Company and issued 382,500,000 New Warrants to Directors of the Company.
The Warrants cancelled were issued on 26 January 2025.
| Name | Position | Number of warrants being cancelled | Number of warrants being held after cancellation |
|---|---|---|---|
| Mandhir Singh | Director | 150,000,000 | 35,000,000 |
| Glyn F. Roberts | Director | 75,000,000 | 15,000,000 |
The New Warrants are being granted following a review of Directors' remuneration and the decision of the Board, taking a prudent approach to cash conservation, to relinquish their entitlement to fees payable to them.
The New Warrants issued have an exercise price of 0.10 pence/share, which is a premium of 53.85% to the mid-point closing share price of 0.065 pence/share on Monday 15th December 2025 and an expiration date of 31 December 2028. The New Warrants issued are detailed below:
| Name | Position | Number of new warrants being issued | Number of warrants being held by the Directors after 17 December 2025 issue |
|---|---|---|---|
| Mandhir Singh | Director | 300,000,000 | 335,000,000 |
| Glyn F. Roberts | Director | 75,000,000 | 90,000,000 |
| Trond Christoffersen | Director | 7,500,000 | 7,500,000 |
Following the above issue of warrants, the total number of warrants in issue equates to 15.48% of the Company's issued share capital assuming exercise of all warrants.
| 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 | ||||
| a) | Name: | Wildcat Petroleum Plc | ||||
| b) | LEI: | 213800PPETBUU3UZRU78 | ||||
| a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary Shares of 0.000028 pence each GB00BMQC7357 | ||||
| b) | Nature of the transaction: | Warrants in lieu of Directors fees | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above Price(s) Volume(s) 0.10 pence 300,000,000 | ||||
| e) | Date of the transaction: | 17 December 2025 | ||||
| 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: | Non-Executive Director | ||||
| b) | Initial notification/Amendment: | Initial notification | ||||
| a) | Name: | Wildcat Petroleum Plc | ||||
| b) | LEI: | 213800PPETBUU3UZRU78 | ||||
| a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary Shares of 0.000028 pence each GB00BMQC7357 | ||||
| b) | Nature of the transaction: | Warrants in lieu of Directors fees | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above Price(s) Volume(s) 0.10 pence 75,000,000 | ||||
| e) | Date of the transaction: | 17 December 2025 | ||||
| f) | Place of the transaction: | Outside a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Trond Christoffersen | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status: | Non-Executive Director | ||||
| b) | Initial notification/Amendment: | Initial notification | ||||
| a) | Name: | Wildcat Petroleum Plc | ||||
| b) | LEI: | 213800PPETBUU3UZRU78 | ||||
| a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary Shares of 0.000028 pence each GB00BMQC7357 | ||||
| b) | Nature of the transaction: | Warrants in lieu of Directors fees | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above Price(s) Volume(s) 0.10 pence 7,500,000 | ||||
| e) | Date of the transaction: | 17 December 2025 | ||||
| f) | Place of the transaction: | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.