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Faroe Petroleum PLC (FPM)

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Thursday 20 December, 2018

Faroe Petroleum PLC

Statement from Faroe regarding press commentary

RNS Number : 1984L
Faroe Petroleum PLC
20 December 2018
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

 

FOR IMMEDIATE RELEASE

 

20 December 2018

 

Faroe Petroleum plc (the "Company" or "Faroe")

 

Statement from Faroe regarding press commentary

 

Faroe clarifies that the following quotation which appeared in an article titled "Faroe CEO Expects Owners to Reject DNO's Bid Despite Oil Slump" on Bloomberg Intelligence on 20 December 2018 of:

 

"Faroe again hit back Thursday, urging its shareholders to reject the bid. "I would definitely expect" them to do just that, Chief Executive Officer Graham Stewart said in a phone interview."

 

was intended to express a management belief and should not be construed as a formal statement of support as outlined in Rule 19.3 of the UK Takeover Code.

 

 

Faroe Petroleum plc

Graham Stewart, CEO

 

 

Tel: +44 (0) 1224 650 920

 

N M Rothschild & Sons Limited

Emmet Walsh / Elias Mitropoulos

 

Tel: +44 20 7280 5000

 

Stifel Nicolaus Europe Limited

Callum Stewart / Nicholas Rhodes / Ashton Clanfield

 

Tel: +44 (0) 20 7710 7600

BMO Capital Markets

Tom Rider / Jeremy Low

 

Tel: +44 (0) 207 236 1010

FTI Consulting

Ben Brewerton / Sara Powell

 

Tel: +44 (0) 20 3727 1000

 

Publication on website and hard copies

 

A copy of this announcement and the documents required to be published by Rule 26 of the Takeover Code will be available, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Faroe' website at https://www.fp.fo/ by no later than 12 noon on the Business Day following the date of this announcement. For the avoidance of doubt, the content of the website is not incorporated into and does not form part of this announcement.

 

This announcement does not contain inside information.

 


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