Business
Exercise of Conditional Share Awards
Exercise of Conditional Share Awards.
About this update from Petro Matad Limited
[{"type":"text","content":"\n \nRNS Number : 3227F Petro Matad Limited 26 October 2018 \n\nPetro Matad Limited\n(\"Petro Matad\" or the \"Company\")\nExercise of Conditional Share Awards and Total Voting Rights\n \nExercise of LTIP Options\nPetro Matad, the AIM quoted Mongolian oil explorer, announces the issue of 40,557 new ordinary shares of US$0.01 each in the Company (\"Shares\") pursuant to the exercise of Conditional Share Awards by a departing employee on 26 October 2018 under the Company's Long-Term Equity Incentive Plan (\"LTIP\") at $0.01 per share. \nApplication for admission of new Shares\nApplication has been made for the 40,557 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 1 November 2018.\nTotal Voting Rights\nFollowing Admission, Petro Matad will have 662,196,306 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.\n \nEnquiries: \n \nPetro Matad Limited\nMike Buck, CEO +97 670 141 099 / +97 675 751 099\n \nNOMAD and Joint Broker\nStockdale Securities Limited +44 (0)20 7601 6100\nRichard Johnson / David Coaten\n \nJoint Broker\nStifel Nicolaus Europe Limited +44 (0)20 7710 7600\nCallum Stewart/Nicholas Rhodes/Ashton Clanfield\n \nCommunications Advisory Firm\nFTI Consulting +44 (0)20 3727 1000\nSara Powell / Ben Brewerton\n \nAbout Petro Matad\nPetro Matad is the parent company of a group f...