Shares issued16 Apr 2019 09:51
PetroNeft has agreed to issue 13,884,594 Ordinary Shares in settlement of liabilities as follows: Shares in lieu of cash to pay David Sturt for deferred Non-Executive Director fees:Departure Agreement with Dennis Francis:As part of Mr Francis resignation agreement, he agreed to be paid part of the fees owed to him in shares instead of cash. Under this agreement Mr Francis was due to be issued 10,471,204 shares I would like to think this because they have faith in PTR or it could be PTR is just short of cash.