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:
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Wildcat
Glyn Roberts
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groberts@wildcatpetroleum.co.uk
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Guild Financial AdvisoryRoss
Andrews
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ross.andrews@guildfin.co.uk
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