TIDMWCAT

RNS Number : 9150Z

Wildcat Petroleum PLC

17 January 2024

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         Total number     Shareholding       % of issued 
                       Warrants being    of Warrants      upon exercise      share capital 
                       issued            held on the      of total number    upon exercise 
                                         date on which    of Warrants        of Warrants 
                                         the Warrants     held 
                                         were issued 
 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: 
  Wildcat           msingh@wildcatpetroleum.co.uk 
    Mandhir Singh 
   Guild Financial   ross.andrews@guildfin.co.uk 
    Advisory 
    Ross Andrews 
 

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       Ordinary Shares of 
       instrument, type of instrument:    0.000028 pence each 
       Identification code:               GB00BMQC7357 
     ---------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:         Warrants in lieu 
                                          of an increase in 
                                          Directors fees 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):              Price(s)      Volume(s) 
                                            0.25 pence    35,000,000 
                                                         ----------- 
     ---------------------------------  ------------------------------------------ 
 d)   Aggregated information:            Single transaction 
       Aggregated volume:                 as in 4 c) above Price(s)      Volume(s) 
       Price:                              0.25 pence    35,000,000 
     ---------------------------------  ------------------------------------------ 
 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       Ordinary Shares of 
       instrument, type of instrument:    0.000028 pence each 
       Identification code:               GB00BMQC7357 
     ---------------------------------  ------------------------------------------ 
 b)   Nature of the transaction:         Warrants in lieu 
                                          of an increase in 
                                          Directors fees 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s):              Price(s)      Volume(s) 
                                            0.25 pence    15,000,000 
                                                         ----------- 
     ---------------------------------  ------------------------------------------ 
 d)   Aggregated information:            Single transaction 
       Aggregated volume:                 as in 4 c) above Price(s)      Volume(s) 
       Price:                              0.25 pence    15,000,000 
     ---------------------------------  ------------------------------------------ 
 e)   Date of the transaction:           17 January 2024 
 
                                          07:00 BST 
     ---------------------------------  ------------------------------------------ 
 f)   Place of the transaction:          Outside a trading 
                                          venue 
     ---------------------------------  ------------------------------------------ 
 

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END

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January 17, 2024 02:00 ET (07:00 GMT)

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