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Faroe Petroleum PLC (FPM)

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Friday 17 August, 2018

Faroe Petroleum PLC

Director/PDMR Shareholding

RNS Number : 2111Y
Faroe Petroleum PLC
17 August 2018
 

17 August 2018

Faroe Petroleum plc

("Faroe Petroleum" or the "Company")

Notification of Directors' interests

On 17 August 2018, Jonathan Robert Cooper, the Chief Financial Officer of the Company transferred a total of 16,354 ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares") to his wife Sarah Natalie Cooper at a price of £1.399 per Ordinary Share.

 

Mr Cooper has retained the balance of his shareholding in the Company of 638,471 Ordinary Shares.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

(Disclosure in relation to exercise of share options and sale of shares)

 

 1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jonathan Robert Cooper

2

Reason for the notification 

a)

Position/status 

Chief Financial Officer

b)

Initial notification /Amendment 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name 

Faroe Petroleum plc

b)

LEI  

213800RE18GVZGNYB270

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 

16,354 Ordinary Shares of 10p each in Faroe Petroleum plc.

 

ISIN: GB0033032904

b)

Nature of the transaction 

(i)    Transfer of Ordinary shares of 10p each

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

(i)    £1.399

16,354

d)

 

Aggregated information 

 

16,354 Ordinary Shares of 10p each in Faroe Petroleum plc

e)

Date of the transaction 

17 August 2018

f)

Place of the transaction 

XLON

 

 

 

 

 

 

 

 

 

 

 

For further information please contact:

 

Faroe Petroleum plc

Graham Stewart, CEO

 

 

Tel: +44 1224 650 920

 

Stifel Nicolaus Europe Limited

Callum Stewart /Nicholas Rhodes / Ashton Clanfield

 

Tel: +44 207 710 7600

BMO Capital Markets

Tom Rider / Jeremy Low

 

Tel: +44 207 236 1010

FTI Consulting

Ben Brewerton/ Emerson Clarke

 

Tel: +44 207 831  3113

 

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

 


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