REG - Petro Matad Ltd - Director/PDMR Shareholding

Petro MatadAnnouncement

31/12/2019 07:05

RNS Number : 3699Y
Petro Matad Limited
31 December 2019
 


 
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)


 



Price(s)


Volume(s)




US$0.01


4,455,000



 
 




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)


 



Price(s)


Volume(s)




US$0.01


1,737,000



 
 




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.




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