Last checked at 26 Oct 2018 10:00
Petro Matad Limited
("Petro Matad" or the "Company")
Exercise of Conditional Share Awards and Total Voting Rights
Exercise of LTIP Options
Petro Matad, the AIM quoted Mongolian oil explorer, announces the issue of 40,557 new ordinary shares of US$0.01 each in the Company ("Shares") pursuant to the exercise of Conditional Share Awards by a departing employee on 26 October 2018 under the Company's Long-Term Equity Incentive Plan ("LTIP") at $0.01 per share.
Application for admission of new Shares
Application has been made for the 40,557 new Shares, which rank pari passu with the Company's existing issued Shares, to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on 1 November 2018.
Total Voting Rights
Following Admission, Petro Matad will have 662,196,306 ordinary shares in issue, which will also represent the total number of voting rights in the Company. No Shares are held in Treasury. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
Petro Matad Limited
Mike Buck, CEO +97 670 141 099 / +97 675 751 099
NOMAD and Joint Broker
Stockdale Securities Limited +44 (0)20 7601 6100
Richard Johnson / David Coaten
Joint Broker
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Callum Stewart/Nicholas Rhodes/Ashton Clanfield
Communications Advisory Firm
FTI Consulting +44 (0)20 3727 1000
Sara Powell / Ben Brewerton
About Petro Matad
Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,340 square kilometres in the far eastern part of the country, and Blocks IV and V have an area of 28,900 square kilometres and 21,100 square kilometres, respectively, in the southwest part of the country.
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.