Petroleum Africa
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Tuesday, November 1, 2022
Wildcat Petroleum plc, a company targeting investment opportunities in business and assets within the upstream sector of the petroleum industry, has informed that, further to the announcement made on October 3, 2022, Waterford Finance and Investment Ltd 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 today, 1 November.
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.”
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