Predator Oil & Gas Holdings PLC (PRD) has confirmed that 166,666,667 new ordinary shares were admitted to trading on the Main Market of the London Stock Exchange on 20 October 2026, bringing the company's total issued share capital to 1,071,104,857 ordinary shares. The disclosure, made in accordance with FCA Disclosure Guidance and Transparency Rules, establishes the updated denominator shareholders must use when calculating notification thresholds for interests in the company's share capital. The development is notable for investors tracking dilution and voting rights across Predator's Morocco and Trinidad asset portfolio.

Key Points

  • Predator Oil & Gas Holdings PLC (PRD) listed on the London Stock Exchange Main Market
  • 166,666,667 new ordinary shares admitted to trading on 20 October 2026
  • Total issued share capital now stands at 1,071,104,857 ordinary shares, each carrying one voting right
  • Investors should monitor how the enlarged share base affects future fundraising and project financing across Moroccan and Trinidad assets

166,666,667 New Predator Oil & Gas Shares Admitted to London Main Market on 20 October 2026

The company announced that 166,666,667 new ordinary shares of no par value, carrying ISIN JE00BFZ1D698, were admitted to trading on the London Stock Exchange's Main Market on 20 October 2026. The new shares are described as fully fungible with existing ordinary shares, meaning they carry identical rights and are interchangeable with those previously in issue. No prospectus was required in connection with the admission, as indicated by the "N/A" prospectus information field in the announcement. The company did not disclose the purpose of the share issuance or the proceeds raised in this announcement.

Updated Total Voting Rights Denominator for Predator Shareholders Under FCA DTR Rules

Following the admission, Predator's total issued share capital stands at 1,071,104,857 ordinary shares, with no shares held in treasury. Under FCA Disclosure Guidance and Transparency Rules, this figure serves as the official denominator for shareholders calculating whether they must notify the company of a notifiable interest or a change in their holding. The company holds no treasury shares, meaning the denominator and the total issued share capital are identical. Shareholders and institutional investors will need to reassess their percentage holdings against this revised figure to determine any disclosure obligations.

Predator's Moroccan Biogenic Gas Assets and Trinidad Onshore Portfolio Underpin Strategy

Predator operates a dual-geography portfolio comprising onshore Moroccan gas assets and onshore producing oil fields in Trinidad. In Morocco, the company's MOU-1 and MOU-3 wells define a structure the company considers to have its best hydrocarbon potential, with commercialisation potentially pursued through CNG or micro-LNG development, supported by adjacent gas export infrastructure. In Trinidad, a mature hydrocarbon province producing for over 50 years, a Master Services Agreement with NABI Construction means Predator receives 30% of gross sales revenues. Significant legacy tax losses can reduce Petroleum Profit Tax from 50% to an effective rate of 12.5%, the announcement states.

Enlarged Share Capital Positions Predator Ahead of Further Moroccan Appraisal Decisions

With its total share count now exceeding one billion, investors may be watching how the enlarged capital base supports Predator's stated objective of partnering with entities capable of backing a future Moroccan development decision. The company has previously executed a Collaboration Agreement and a Memorandum of Understanding with prospective partners for the Moroccan gas opportunity. Predator's strategy emphasises maintaining a reduced overhead compared with peers operating similarly sized portfolios, a discipline that becomes increasingly relevant as the company weighs further appraisal and development commitments across both jurisdictions.