REG - Petro Matad Ltd - Issue of equity

Petro MatadAnnouncement

28/06/2024 07:00

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RNS Number : 2120U  Petro Matad Limited  28 June 2024

For immediate release

 

28 June 2024

Petro Matad Limited

("Petro Matad" or the "Company")

Issue of equity

 

Petro Matad Limited ("Petro Matad" or the "Company") (AIM: MATD), the AIM
quoted Mongolian oil company, is pleased to announce that following the
Results of Placing and Subscription announcement on the 26(th) June 2024, the
company has made an application for the admission to trading on the AIM market
of London Stock Exchange of 306,692,916 new ordinary shares of USD0.01 each
("Placing Shares").

 

The Placing Shares are expected to be admitted to trading on 1 July 2024.

 

Following this admission, the Group's share capital and total voting rights
will comprise 1,420,576,517 ordinary shares of USD0.01 each and the Group does
not hold any shares in treasury. Consequently, 1,420,576,517 is the figure
which 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 under the FCA's Disclosure and
Transparency Rules.

 

 

Enquiries:

 Petro Matad Limited                                                       +976 7014 1099

 Mike Buck, Chief Executive Officer

 Shore Capital Stockbrokers Limited (NOMAD, Broker, Joint Bookrunner)      +44 207 408 4050

 Toby Gibbs / Rachel Goldstein
 Zeus Capital Limited (Joint Bookrunner)                                   +44 207 614 5900

 Simon Johnson / Louisa Waddell

 FTI Consulting (Financial PR)        +44 203 727 1000

 Ben Brewerton / Christopher Laing    petromatad@fticonsulting.com (mailto:petromatad@fticonsulting.com)

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 two Production
Sharing Contracts with the Government of Mongolia. Block XX has an area of 214
square kilometres in the far eastern part of the country and Block V has an
area of 7,937 square kilometres 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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