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Faroe Petroleum PLC - Director/PDMR Shareholding

Fri, 25th May 2018 12:30

RNS Number : 3642P
Faroe Petroleum PLC
25 May 2018
 

25 May 2018

Faroe Petroleum plc

("Faroe Petroleum" or the "Company")

Issue of Equity, Notification of Directors' interests and Total Voting Rights

On 22 May 2018, Roger Witts, a Non-Executive Director of the Company transferred a total of 12,500 ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares")to his wife Paula Cecelia Witts for nil consideration.

 

Mr Witts has retained the balance of his shares in the Company of 96,680.

 

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

Roger Charles Witts

2

Reason for the notification 

a)

Position/status 

Non-Executive Director

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 

12,500 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)    0.00 p

12,500

d)

 

Aggregated information 

 

12,500 Ordinary Shares of 10p each in Faroe Petroleum plc.

e)

Date of the transaction 

22 May 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 20 7710 7600

RBC Capital Markets

Matthew Coakes

 

Tel: +44 20 7653 4000

FTI Consulting

Edward Westropp/Emerson Clarke

 

Tel: +44 20 7831 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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