Petro Matad Limited Exercise of LTIP options and Total Voting Rights (1975L)
17 April 2018 - 9:54PM
UK Regulatory
TIDMMATD
RNS Number : 1975L
Petro Matad Limited
17 April 2018
17 April 2018
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 2,868,065 new ordinary shares of US$0.01 each in the
Company ("Shares") pursuant to the exercise of Conditional Share
Awards by certain Directors and an employee on 16 April 2018 under
the Company's Long-Term Equity Incentive Plan ("LTIP") at $0.01 per
share. Details relating to Directors are set out below:
Percentage
holding of
Options Resultant enlarged issued
Director exercised shareholding share capital
Oyungerel Janchiv* 77,284 13,345,230 2.54%
----------- -------------- -----------------
Enkhmaa Davaanyam 500,000 5,388,400 1.03%
----------- -------------- -----------------
Timothy Bushell 500,000 961,538 0.18%
----------- -------------- -----------------
Mike Buck 1,000,000 3,770,006 0.72%
----------- -------------- -----------------
John Henriksen 500,000 1,915,658 0.36%
----------- -------------- -----------------
* Dr Oyungerel Janchiv controls more than 20% of Petrovis Matad
Inc ("Petrovis"). Her direct holding in Petro Matad of 13,345,230
Shares is, for disclosure purposes, aggregated with that of
Petrovis under the AIM definition of director's family. The
aggregated holding of Dr Oyungerel and Petrovis is 159,440,810
Shares representing 30.35 per cent. of the Company's enlarged
issued share capital.
Concert Party holding
Following the issue of the new Shares to Dr Oyungerel Janchiv
and Enkhmaa Davaanyam, the Petrovis Group (being Petrovis, its
underlying shareholders and their family members) will hold
196,101,424 representing 37.33 per cent. of the Company's enlarged
issued share capital.
Application for admission of new Shares
Application has been made for the 2,868,065 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 23 April 2018.
Total Voting Rights
Following Admission, Petro Matad will have 525,312,857 ordinary
shares in issue, which will also represent the total number of
voting rights in the Company. No Share 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 / El Hanan Lee
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 1521
Edward Westropp
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 km(2) in the
far eastern part of the country, and Blocks IV and V have an area
of 28,900 km2 and 21,100 km2, 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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