Business
Notification of Transactions
Notification of Transactions.
About this update from Petrel Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6429A Petrel Resources PLC 22 January 2020 \n\nNotification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them\n \n [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]\n \n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n \n\n\n\n\na)\n\n\nName\n\n\nMichel Fayad\n \n\n\n\n\n \n\n\n\n\n2\n\n\nReason for the notification\n \n\n\n\n\na)\n\n\nPosition/status\n\n\nNon-Executive Director\n\n\n\n\nb)\n\n\nInitial Notification Amendment\n\n\n \nAmendment notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nPETREL RESOURCES PLC\n \n\n\n\n\nb)\n\n\nLEI\n\n\n213800WAVVOPS85N2205\n \n\n\n\n\n4\n\n\nDetails 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\n\n\n\n\na)\n\n\nDescription of the financial instrument, \ntype of\ninstrument\nIdentification code\n\n\nOrdinary Shares of 1.25 cent each\n \nISIN: IE0001340177\n \n\n\n\n\nb)\n\n\nNature of the transaction \n\n\nDisposal of Shares\n \n\n\n\n\nc)\n\n\nPrice(s) and volume(s)\n\n\n \n\n\n\n\nPrice(s)\n\n\nVolume(s)\n\n\n\n\nNil\n\n\n14,934,615\n\n\n\n\n \n \n\n\n\n\nd)\n\n\nAggregated information\n- Aggregated volume\n- Price\n\n\n \n14,934,615 Ordinary Shares\n \nNil\n\n\n\n\ne)\n\n\nDate of the transaction\n\n\n23rd December 2019\n \n\n\n\n\nf)\n\n\nPlace of the transaction\n\n\n \nOutside a trading venue\n \n\n\n\n\ng)\n\n\nAdditional Information\n\n\n \nMichel Fayad is making this disclosure, however, the nature of this transaction is subject to a dispute between himself and the counter party who he understands to be a Delaware company EYCP LLC. Mr Fayad when the authorised the transfer of the above shares he believed that he was not making a disclosable transaction as it did not fall within Article 19(7)(a) of the Ma...