Faroe Petroleum PLC Issue of Equity and Total Voting Rights (5438H)
19 August 2016 - 4:00PM
UK Regulatory
TIDMFPM
RNS Number : 5438H
Faroe Petroleum PLC
19 August 2016
19 August 2016
Faroe Petroleum plc
("Faroe", "Faroe Petroleum", the "Company")
Issue of Equity and Total Voting Rights
Faroe Petroleum has applied to the London Stock Exchange for
1,033,949 new ordinary shares of 10 pence each (the "New Ordinary
Shares") to be admitted to trading on AIM ("Admission") following
the vesting of employee share awards under the Faroe Petroleum
Incentive Plan.
It is expected that Admission will become effective on 23 August
2016. The New Ordinary Shares will, following allotment, rank pari
passu in all respects with the existing issued ordinary shares of
10 pence each in the share capital of Faroe Petroleum.
Following Admission, the Company's issued share capital will be
364,526,610 ordinary shares of 10 pence each. The Company does not
hold any ordinary shares in treasury. Therefore the total number of
voting rights in the Company will be 364,526,610.
Shareholders may use this figure 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
share capital of the Company under the FCA's Disclosure, Guidance
and Transparency Rules.
- Ends -
For further information please contact:
Faroe Petroleum plc Tel: +44 1224 650 920
Graham Stewart, CEO
Stifel Nicolaus Europe Tel: +44 20 7710 7600
Limited
Callum Stewart / Ashton
Clanfield
RBC Capital Markets Tel: +44 20 7653 4000
Matthew Coakes/Daniel
Conti/Roland Symonds
FTI Consulting Tel: +44 20 3727 1000
Edward Westropp/Tom Hufton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 19, 2016 02:00 ET (06:00 GMT)
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