FOR IMMEDIATE RELEASE
21 April 2021
Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas
LEI 213800L7QXFURBFLDS54
Predator Oil & Gas Holdings Plc
("Predator" or the "Company" and together with its subsidiaries "the Group")
Notification of Transaction of TR-1
Further to the announcement of 26 March 2021 for a director, Paul Griffiths, to make up the shortfall to enable the issue and admission of all of the 17,000,000 Placing Shares which are required to be issued pursuant to the Placing without the production of an FCA approved prospectus, a transfer of 11,784,845 existing shares held by him to Novum Securities has been made.
TR-1: Standard form for notification of major holdings
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Predator Oil & Gas Holdings Plc | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | x | |||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | x | |||||
| An acquisition or disposal of financial instruments |
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| An event changing the breakdown of voting rights | x | |||||
| Other (please specify)iii: |
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| 3. Details of person subject to the notification obligation | ||||||
| Name | Paul Stanard Griffiths | |||||
| City and country of registered office (if applicable) |
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| 4. Full name of shareholder(s) (if different from 3.)v | ||||||
| Name |
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| City and country of registered office (if applicable) |
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| 5. Date on which the threshold was crossed or reached: | 19 April 2021 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 19 April 2021 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
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| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights of issuer | ||
| Resulting situation on the date on which threshold was crossed or reached | 13.58 |
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| 245,161,422 | ||
| Position of previous notification (if applicable) | 18.81 |
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| 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached | |||||||||
| A: Voting rights attached to shares | |||||||||
| Class/type of ISIN code (if possible) | Number of voting rights | % of voting rights | |||||||
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
| JE00BFZ1D698 | 33,300,949 | 1,785,714 | 13.58 | 0.73 | |||||
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| SUBTOTAL 8. A | 35,086,663 | 14.31 | |||||||
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| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
| Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
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| SUBTOTAL 8. B 1 |
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| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
| Type of financial instrument | Expiration | Exercise/ | Physical or cash settlement | Number of voting rights | % of voting rights | ||||
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| SUBTOTAL 8.B.2 |
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| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer | x | |||
| Full chain of controlled undertakings through which the voting rights and/or the |
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| Name | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
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| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder |
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| The number and % of voting rights held |
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| The date until which the voting rights will be held |
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| 11. Additional information | ||||
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| Place of completion | |
| Date of completion | |
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| A: Identity of the person subject to the notification obligation | ||
| Full name (including legal form for legal entities) | Paul Stanard Griffiths | |
| Contact address (registered office for legal entities) | 3rd Floor Standard Bank House 47 - 49 La Motte Street St. Helier Jersey JE2 4SZ | |
| | info@predatoroilandgas.com | |
| Phone number / Fax number | 01534 834 600 and 01534 834 601 (FAX) | |
| Other useful information (at least legal representative for legal persons) |
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| B: Identity of the notifier, if applicable | ||
| Full name |
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| Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) |
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| C: Additional information | ||
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This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse (as in force in the United Kingdom pursuant to the European Union (Withdrawal) Act 2018).
For more information, please visit the Company's website at www.predatoroilandgas.com:
Enquiries:
| Predator Oil & Gas Holdings Plc Dr. Stephen Staley Non-executive Chairman Paul Griffiths Chief Executive Officer | Tel: +44 (0) 1534 834 600
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| Novum Securities Limited Jon Belliss
Optiva Securities Limited Christian Dennis | Tel: +44 (0) 207 399 9425
Tel: +44 (0) 203 137 1902 |
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| Flagstaff Strategic and Investor Communications Tim Thompson Mark Edwards Fergus Mellon | Tel: +44 (0) 207 129 1474
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Notes to Editors:
Predator is an oil and gas exploration company with the objective of participating with FRAM Exploration Trinidad Ltd. in further developing the remaining oil reserves and sequestrating anthropogenic carbon dioxide in the producing Inniss Trinity oil field onshore Trinidad, primarily through the application of C02 EOR technology. Potential for cash flow exists by executing a successful Pilot Enhanced Oil Recovery project using locally sourced liquid carbon dioxide for injection into and storage within the oil reservoirs ("C02 EOR"). Near-term expansion and production growth potential is focussed on upscaling the C02 EOR operations in the Inniss-Trinity oil field, subject to all necessary approvals.
Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary gas in prospects less than 10 kilometres from the Maghreb gas pipeline. A drilling programme, subject to the lifting of COVID-19 restrictions, targeting material prospective gas resources is scheduled for Q2 2021.
In addition, Predator also 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 Kinsale gas field and Barryroe oil field in the Celtic Sea.
The Company has a highly experienced management team with a proven track record in the oil and gas industry.
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