31 Dec 2019 07:00
Petro Matad Limited
("Petro Matad" or the "Company")
Director / PDMR dealing
Following the exercise of conditional share awards on 30 December, the notification set out below is provided in accordance with the requirement of Article 19 of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mr. Mike Buck | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Petro Matad Limited | ||||
b) | LEI | 213800FXLBLLEVK4R858 | ||||
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
| Ordinary Shares of US$0.01 par value each
ISIN: IM00B292WR19 | ||||
b) | Nature of the transaction | Exercise of conditional share awards | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 30 December 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mr. John Henriksen | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Petro Matad Limited | ||||
b) | LEI | 213800FXLBLLEVK4R858 | ||||
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
| Ordinary Shares of US$0.01 par value each
ISIN: IM00B292WR19 | ||||
b) | Nature of the transaction | Exercise of conditional share awards | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 30 December 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Further information please contact:
Petro Matad Limited |
|
Mike Buck, CEO | +976 7014 1099 / +976 7575 1099 |
|
|
Shore Capital (Nominated Adviser and Broker) | |
Toby Gibbs Jerry Keen John More
| +44 (0) 20 7408 4090 |
Stifel Nicolaus Europe Limited (Broker) |
|
Callum Stewart Nicholas Rhodes Ashton Clanfield | +44 (0) 20 7710 7600 |
FTI Consulting (Communications Advisory Firm) | |
Sara Powell Ben Brewerton | +44 (0) 20 3727 1000 |
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 100% working interest and the operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,367 square kilometres in the far eastern part of the country, and Blocks IV and V have an area of 29,062 square kilometres and 21,143 square kilometres, respectively, in the central western 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.
Petro Matad (MATD)