Director/PDMR Shareholding

RNS Number : 3699Y

Petro Matad Limited

31 December 2019

 

Petro Matad Limited

("Petro Matad" or the "Company")

Director / PDMR dealing

Following the exercise of conditional share awards on 30 December, the notification set out below is provided in accordance with the requirement of Article 19 of the EU Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr. Mike Buck
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Petro Matad Limited
b)	LEI	213800FXLBLLEVK4R858
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.01 par value each ISIN: IM00B292WR19
b)	Nature of the transaction	Exercise of conditional share awards
c)	Price(s) and volume(s)	Price(s) Volume(s) US$0.01 4,455,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	30 December 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr. John Henriksen
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Petro Matad Limited
b)	LEI	213800FXLBLLEVK4R858
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of US$0.01 par value each ISIN: IM00B292WR19
b)	Nature of the transaction	Exercise of conditional share awards
c)	Price(s) and volume(s)	Price(s) Volume(s) US$0.01 1,737,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	30 December 2019
f)	Place of the transaction	Outside a trading venue

Further information please contact:

Petro Matad Limited
Mike Buck, CEO	[phone] / [phone]
Shore Capital (Nominated Adviser and Broker)
Toby Gibbs Jerry Keen John More	[phone]
Stifel Nicolaus Europe Limited (Broker)
Callum Stewart Nicholas Rhodes Ashton Clanfield	[phone]
FTI Consulting (Communications Advisory Firm)
Sara Powell Ben Brewerton	[phone]

About Petro Matad

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds 100% working interest and the operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,367 square kilometres in the far eastern part of the country, and Blocks IV and V have an area of 29,062 square kilometres and 21,143 square kilometres, respectively, in the central western part of the country.

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V. Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.

 

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