Notice of EGM

RNS Number : 1029E
Predator Oil & Gas Holdings PLC
16 October 2018
 

16 October 2018

 

Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

 

 

Predator Oil & Gas Holdings Plc

("Predator" or the "Company")

 

Notice of Extraordinary General Meeting ("EGM")

 

 

A Notice of EGM of the Company has today been posted to shareholders.  The EGM will be held at Consortia Secretaries Limited, 3rd Floor, Standard Bank House, 47-49 La Motte Street, Jersey, JE2 4SZ on Monday 5th November 2018 at 11.00am. 

 

Purpose of the EGM

 

Ahead of the Company's admission to the Standard List of the UKLA and to trading on the London Stock Exchange, the Company passed a written resolution setting out certain limits on the authorities granted to Directors to allot Ordinary Shares in the Company.  These limits are detailed in the Company's Prospectus which is available from the Company's website www.predatoroilandgas.com. 

 

The Directors wish to amend and simplify these authorities and, in certain circumstances, reduce the authority granted to directors to allot Ordinary Shares on a non-pre-emptive basis and are therefore proposing to limit the Directors' authority to allot shares to 20,027,430 Ordinary Shares, which represents 20% of the current issued share capital of the Company. 

 

The Notice of EGM is available at the Company's website www.predatoroilandgas.com

 

This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse

 

For more information please visit the Company's website at www.predatoroilandgas.com or contact: 

                    

 

Predator Oil & Gas Holdings Plc

Paul Griffiths, Chief Executive Officer

Sarah Cope, Non-Executive Chairman

 

Tel: +44 (0) 1534 834 600

 info@predatoroilandgas.com  

Novum Securities Limited (Broker )

Jon Belliss

 

Tel: +44(0) 207 399 9425

Follow us also on VOX Markets  https://www.voxmarkets.co.uk/


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 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 Pilot Enhanced Oil Recovery project using locally-sourced carbon dioxide for injection into the oil reservoirs ("C02 EOR"). Near-term expansion and growth potential is focussed on upscaling the C02 EOR operations in the Inniss-Trinity oil field and potential acquisitions of assets suitable for C02 EOR development. 

In addition, Predator also owns and operates exploration and appraisal assets in current licensing options offshore Ireland adjoining Shell'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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NOGUVOVRWKARAAA
UK 100

Latest directors dealings