Petro Matad Limited Conditional Share Awards and Total Voting Rights (4703W)
19 August 2020 - 4:00PM
UK Regulatory
TIDMMATD
RNS Number : 4703W
Petro Matad Limited
19 August 2020
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
PETRO MATAD LIMITED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED
UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN
THE PUBLIC DOMAIN.
Petro Matad Limited
("Petro Matad" or the "Company")
Exercise of Conditional Share Awards and Total Voting Rights
Exercise of LTIP Awards
Petro Matad, the AIM quoted Mongolian oil explorer, announces
the issue of 616,000 new ordinary shares of US$0.01 each in the
Company ("Shares") under the Company's Long-Term Equity Incentive
Plan ("LTIP") at $0.01 per share to an employee.
Application for admission of new Shares
Application has been made for the 616,000 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 24 August 2020.
Total Voting Rights
Following Admission, Petro Matad will have 678,105,306 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.
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
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.
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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