Result of Equity Issue

RNS Number : 2552E

Wildcat Petroleum PLC

27 October 2022

 

27 October 2022

Wildcat Petroleum Plc

("Wildcat", "WCAT" or the "Company")

OIL FUND INVESTMENT INTO WILDCAT

Wildcat Petroleum plc (LSE: WCAT), a company targeting investment opportunities in business and assets within the upstream sector of the petroleum industry, is pleased to announce that, further to the announcement made on 3 October 2022, Waterford Finance and Investment Ltd ("Waterford") has completed its subscription of 10,000,000 new ordinary shares.

The new ordinary shares will rank pari passu with the Company's existing issued ordinary shares. The Company intends to allot and issue these new ordinary shares under its existing authorities on a non   pre-emptive basis. Admission is expected to occur on 1 November 2022.

Conditional on Admission, the Company's issued ordinary share capital will be   2,410,000,000   ordinary shares, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Mandhir Singh, Chairman of Wildcat, commented:  "It is a great coup for Wildcat to secure the backing of an oil sector heavyweight such as Waterford. The Company hopes to gain further backing from other industry leaders."

Enquiries:

Wildcat Mandhir Singh	[e-mail]
Guild Financial Advisory Ross Andrews	[e-mail]
AXCAP 247   Kamran Hussain	[e-mail]

Notes to Editors:

Wildcat Petroleum (LSE:WCAT) is listed on the standard segment of the official list, with shares traded on the main market of the London Stock Exchange. WCAT is seeking to acquire projects or a business operating in the upstream sector of the petroleum industry - namely exploration, appraisal, development and production of oil and gas, with a primary focus on assets that are at the later phases of exploration and production.

https://www.wildcatpetroleum.co.uk/

www.waterfordgroup.co.uk

 

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