Exercise of Conditional Share Awards

RNS Number : 3227F

Petro Matad Limited

26 October 2018

 

Petro Matad Limited

("Petro Matad" or the "Company")

Exercise of Conditional Share Awards and Total Voting Rights

Exercise of LTIP Options

Petro Matad, the AIM quoted Mongolian oil explorer, announces the issue of 40,557 new ordinary shares of US$0.01 each in the Company ("Shares") pursuant to the exercise of Conditional Share Awards by a departing employee on 26 October 2018 under the Company's Long-Term Equity Incentive Plan ("LTIP") at $0.01 per share.

Application for admission of new Shares

Application has been made for the 40,557 new Shares, which rank pari passu with the Company's existing issued Shares, to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on 1 November 2018.

Total Voting Rights

Following Admission, Petro Matad will have 662,196,306 ordinary shares in issue, which will also represent the total number of voting rights in the Company. No Shares are held in Treasury. This figure should 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Petro Matad Limited

Mike Buck, CEO                                    [phone] / [phone]

NOMAD and Joint Broker

Stockdale Securities Limited             [phone]

Richard Johnson / David Coaten

Joint Broker

Stifel Nicolaus Europe Limited         [phone]

Callum Stewart/Nicholas Rhodes/Ashton Clanfield

Communications Advisory Firm

FTI Consulting                                      [phone]

Sara Powell / Ben Brewerton

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 the sole operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,340 square kilometres in the far eastern part of the country, and Blocks IV and V have an area of 28,900 square kilometres and 21,100 square kilometres, respectively, in the southwest 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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