Mayan Energy Limited Issue of Equity (7591W)
17 November 2017 - 3:07AM
UK Regulatory
TIDMMYN
RNS Number : 7591W
Mayan Energy Limited
16 November 2017
Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 /
Sector: Oil and Gas
16 November 2017
Mayan Energy Ltd ("Mayan" or "the Company")
Issue of Equity
Mayan (AIM: MYN), the AIM listed oil and gas company, announces
that, further to the announcement made earlier today, it has now
issued 5,064,102 Ordinary Shares of nil par value (the "Ordinary
Shares") at the same price as the Placing announcement earlier
today being 0.6p per Ordinary Share to Charlie Wood and JD McGraw,
directors of the Company, in lieu of accrued salaries (the
"Deferred Settlement Shares"). Application has been made for the
Deferred Settlement Shares, which will rank pari passu with the
existing Ordinary Shares, to be admitted to trading on AIM (the
"Admission") and it is expected that Admission will become
effective and dealings will commence on or around 22 November
2017.
Following the issue of the these Deferred Settlement Shares
along with the 432,692,304 Placing, Settlement and Adviser and
Deloro Investment Shares, Mayan's issued share capital will consist
of 1,166,335,931 Ordinary Shares of no par value with voting
rights. No Ordinary Shares are held in treasury at the date of this
announcement and therefore following the Admission, the total
number of Ordinary Shares in Mayan with voting right will be
1,166,335,931.
The above total voting rights figure may be used by shareholders
as the denominator for the calculation by which they will determine
if they are required to notify their interest in, or a change to
their interest in the Company.
**ENDS**
For further information visit www.mayanenergy.com or contact the
following:
+ 1 469 394
Eddie Gonzalez Mayan Energy Ltd 2008
+44 7971 444
Charlie Wood Mayan Energy Ltd 326
Beaumont Cornish +44 20 7628
Roland Cornish Ltd 3396
Beaumont Cornish +44 20 7628
James Biddle Ltd 3396
Cornhill Capital +44 20 7710
Nick Bealer Limited 9612
Notes:
Mayan Energy Limited is an AIM listed (London Stock Exchange)
oil and gas energy Company focussed on the redevelopment and
enhancement of its upstream oil and gas interests in Oklahoma and
Texas.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulations, provides further detail in
respect of the transaction as described above.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------
a) Name Charlie Wood
--- ------------------------ ---------------------------
2 Reason for notification
--- -----------------------------------------------------
a) Position / status Chairman
--- ------------------------ ---------------------------
b) Initial notification Initial
/Amendment
--- ------------------------ ---------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------
a) Name Mayan Energy Ltd
--- ------------------------ ---------------------------
b) LEI 213800NTIHRNYL5QO564
--- ------------------------ ---------------------------
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 Ordinary shares in Mayan
the financial Energy Ltd
instrument, type ISIN VGG5S26K1152
of instrument
Identification
code
--- ------------------------ ---------------------------
Nature of the Shares in lieu of salary
transaction
--- ------------------------ ---------------------------
Price(s) and Price(s) Volumes(s)
volumes(s) --------- -----------
0.6p 2,500,000
--------- -----------
--- ------------------------ ---------------------------
d) Aggregated information n/a
--- ------------------------ ---------------------------
e) Date of the transaction 16 November2017
--- ------------------------ ---------------------------
f) Place of the London Stock Exchange, AIM
transaction (XLON)
--- ------------------------ ---------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------
a) Name JD McGraw
--- ------------------------ ---------------------------
2 Reason for notification
--- -----------------------------------------------------
a) Position / status Non-Executive Director
--- ------------------------ ---------------------------
b) Initial notification Initial
/Amendment
--- ------------------------ ---------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------
a) Name Mayan Energy Ltd
--- ------------------------ ---------------------------
b) LEI 213800NTIHRNYL5QO564
--- ------------------------ ---------------------------
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 Ordinary shares in Mayan
the financial Energy Ltd
instrument, type ISIN VGG5S26K1152
of instrument
Identification
code
--- ------------------------ ---------------------------
Nature of the Shares in lieu of salary
transaction
--- ------------------------ ---------------------------
Price(s) and Price(s) Volumes(s)
volumes(s) --------- -----------
0.6p 2,564,102
--------- -----------
--- ------------------------ ---------------------------
d) Aggregated information n/a
--- ------------------------ ---------------------------
e) Date of the transaction 16 November 2017
--- ------------------------ ---------------------------
f) Place of the London Stock Exchange, AIM
transaction (XLON)
--- ------------------------ ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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