Mayan Energy Limited Issue of Equity (7591W)

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 
                                       [phone] 
 Charlie Wood      Mayan Energy Ltd     326 
                   Beaumont Cornish    [phone] 
 Roland Cornish     Ltd                 3396 
                   Beaumont Cornish    [phone] 
 James Biddle       Ltd                 3396 
                   Cornhill Capital    [phone] 
 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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November 16, 2017 11:07 ET (16:07 GMT)