⌘K
t
Wildcat Petroleum Plc announced on 13 February 2025 the immediate appointment of Mr Charles Hall as a consultant. The Company concurrently granted Mr Hall 2,000,000 Warrants, with an exercise price of 0.20 pence per Warrant and an expiry date of 31 December 2026, in lieu of fees. This issuance increased the total number of Warrants in issue to 307,500,000, representing 10.48% of the existing issued share capital assuming full exercise.
| Date | 13 Feb 2025 |
| Time | 07:00:08 |
| Category | Corporate updates |
| ID | 9286W |
13 February 2025
Wildcat Petroleum Plc
("Wildcat", "WCAT" or the "Company")
Appointment of Consultant and Issue of Warrants
Wildcat Petroleum Plc ("WCAT" or "the Company") a company targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry is pleased to announce the appointment of Mr Charles Hall as a consultant to the Company with immediate effect. The Company has granted 2,000,000 Warrants to Mr Hall to subscribe for new ordinary shares of £0.000028 each in the Company in lieu of fees to conserve the Company's working capital.
Mr Hall's role within Wildcat will be to work with the board to widen the breadth and depth of the Wildcat shareholder base, with particular emphasis on institutional natural resources investors with past experience of investing into African oil projects.
Mr Hall has extensive banking experience having held various positions at HSBC until 2012, CEO and MD of HSBC Private Banking (Luxembourg), CEO of HSBC (Lebanon), CEO of HSBC Financial Services (Cayman) Limited and Head of Insurance and Deputy CEO at HSBC Ireland. He is currently non-executive chairman of Strata Investments plc, formerly Metal Tiger plc, an AIM listed investment company until it delisted in 2023 and relisted on the ASX. Mr Hall possesses experience of running and in particular the funding of listed natural resources companies.
The Warrants have an exercise price of 0.20 pence per Warrant, which is a premium of 67% to the mid-point closing share price on 10 February 2025, and an expiry date of 31 December 2026.
Following the above issue of Warrants, the total number of Warrants in issue is 307,500,000 equating to 10.48% of the Company's existing issued share capital assuming full exercise of all warrants.
Mandhir Singh, Chairman: "The Company is very happy to welcome aboard the Wildcat team someone with such a long and distinguished career in finance and banking as Mr Hall. His experience moving forward will be invaluable as the Company looks to widen its shareholder base."
Charles Hall: "I look forward to working with the board of Wildcat in order to increase the depth and breadth of the shareholder base, especially amongst institutional natural resources investors."
For further information please contact:
|