Issue of Equity

RNS Number : 2000H

Petro Matad Limited

09 July 2012

 



Petro Matad Limited

("Petro Matad" or the "Company")

Issue of Equity - Performance Share Awards

Issue of Equity

Petro Matad announces that 164,533 ordinary shares of US$0.01 each were issued today under the Company's Long Term Equity Incentive Plan (the "Incentive Plan") based on length of service (the "Performance Shares").  The 164,533 Performance Shares were issued, under the terms of the Incentive Plan, at nominal value.

Total Voting Rights

Following the issue of the Performance Shares and the Option Shares, Petro Matad will have 186,176,001 shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 186,176,001.

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

Douglas J. McGay - CEO 

[phone]

NOMAD and Joint Broker

Westhouse Securities Limited

Richard Baty / Petre Norton

[phone]

Joint Broker

Macquarie Capital (Europe) Limited

Jeffrey Auld / Steve Baldwin / Nicholas Harland

[phone]

Investor and Public Relations

RLM Finsbury

James  Leviton

[phone]

 

END

 

 

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