Result of Meeting/Announcement of Incentive Plan

Summary by AI BETAClose X

Wildcat Petroleum PLC shareholders overwhelmingly approved resolutions to cancel the company's listing on the London Stock Exchange's Main Market and to seek admission to trading on the Aquis Growth Market with a revised investment strategy focused on becoming an African gold processing company. The company plans to fast-track this transition to AQSE within four to six weeks. Additionally, the Chairman is eligible for an incentive plan involving up to 500 million warrants with a strike price of 0.05p and an expiry date of December 31, 2028, contingent upon completing a first deal, producing the first kilogram of gold, and making the first dividend payment.

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Wildcat Petroleum PLC
25 March 2026
 

25 March 2026

Wildcat Petroleum Plc

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

Results of General Meeting and Announcement of the Company's 2026 Incentive plan

Results of General Meeting

Following Wildcat's General Meeting ("GM") of the 25th of March 2026, Wildcat is pleased to announce that all resolutions voted upon were approved by shareholders.

The results of the poll for each resolution were as follows:

Special Resolution 1: To approve cancellation of the Company's listing on the Main Market of the London Stock Exchange.

For = 1,576,384,162 votes (99.39%)

Against = 9,670,212 votes (0.61%)

Resolution 2: To approve application for the admission to trading on the Aquis Growth Market and the adoption of a revised investment strategy

For = 1,581.915,728 votes (99.739%)

Against = 4,138,646 votes (0.261%)

As at the date of the GM, the number of issued ordinary shares of the Company was 3,004,470,000 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions. In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held.  Proxy Votes were received via Neville Registrars and are included in the above tabulation. There were no Proxy appointments which gave discretion to the Chairman.

Voting Shareholders have voted overwhelming (99% +) to convert Wildcat Petroleum into an African Gold processing company listed on AQSE. The Company will look to appoint a AQSE advisor over weekend who can FAST-TRACK the Company's move to AQSE. Hopefully this process should take around 4-6 weeks.

Announcement of the Company's 2026 Incentive plan

Gold completion milestones to be achieved by Chairman (MS) on successful move of WCAT to AQSE as a gold processor.

 

Warrants - Strike price of 0.05p and expiry date 31st Dec 2028

 

250 million warrants - on completion of first deal/agreement 

 

150 million warrants - on production of first kilo of gold 

 

100 million warrants - on first dividend payment 

For further information please contact:

Wildcat

Glyn Roberts

 

groberts@wildcatpetroleum.co.uk 



 

 

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Wildcat Petroleum (WCAT)
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