Issue of Equity and Total Voting Rights

RNS Number : 9861T

Petro Matad Limited

27 November 2013

 



Petro Matad Limited

("Petro Matad" or the "Company")

Issue of Equity and Total Voting Rights

Issue of Equity

Petro Matad announces that today it will issue over a total of 1,380,788 ordinary shares of US$0.01 each under the Company's Long Term Equity Incentive Plan (the "Plan") ("New Shares"). Of the New Shares, 620,788 ordinary shares of US$0.01 each will be issued to Ridvan Karpuz, a Director of the Company. The New Shares will be issued, under the terms of the Plan, at nominal value.

Following the issue of New Shares, Mr Karpuz's shareholding will be 620,788 ordinary shares of US$0.01 each, representing 0.22% per cent. of the Company's new issued share capital.

Application has been made for the New Shares to be admitted to AIM and it is anticipated that this will occur on or around 2 December 2013.

Total Voting Rights

Following the issue of the New Shares, Petro Matad will have 279,340,879 ordinary shares in issue, which will also represent the total number of voting rights in the Company. 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 and Transparency Rules.

About Petro Matad Limited

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia.  The Group holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia.  Block XX has an area of 10,340km² in the far eastern part of the country.  Blocks, IV and V are located in central Mongolia.  Block IV covers approximately 29,000km² and Block V approximately 21,150km².

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.

Further Information:

Petro Matad Limited

George Watkins, Chairman

[phone]

NOMAD and Joint Broker

Westhouse Securities Limited

Richard Baty / Ian Napier

[phone]

Joint Broker

Macquarie Capital (Europe) Limited

Steve Baldwin / Nicholas Harland

[phone]

 

END

 

 

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