Predator Oil & Gas (Holdings) plc issued 2,659, 574 shares under the executive directors bonus scheme in recognition of the drilling programme and results onshore Morocco.
Executive chairman Paul Griffiths and chief operating officer Lonny Baumgardner each received 1,329,787 1,329,787 shares.
The amount, comprising 50% of the executive directors’ overall bonus related to the drilling programme, represents £125,000 to each of Mr Griffiths and Mr Baumgardner at the closing mid-market share price of 30 November 2023.
The executive directors have the option of receiving the remaining 50% either in additional shares or cash at their discretion.
Following admission, the company’s issued share capital will be 565,161,662 shares of no par value and each with one vote. Predator holds no shares in treasury.