We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Faroe Petrol. | LSE:FPM | London | Ordinary Share | GB0033032904 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 160.40 | 160.00 | 160.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFPM
RNS Number : 1659E
Faroe Petroleum PLC
04 May 2017
4 May 2017
Faroe Petroleum plc
("Faroe Petroleum" or the "Company")
Issue of Equity, Notification of Directors' interests and Total Voting Rights
On 3 May 2017, Roger Witts, a Non-Executive Director of the Company exercised nil-cost options ("Options") over a total of 43,168 ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares") under the Faroe Petroleum Incentive Plan ("FPIP").
Director Shareholdings
To meet the associated income tax liability arising from the exercise of the Options, he has also sold a proportion of those Ordinary Shares at a price of 92.6 pence per Ordinary Share, and has retained the balance to increase his shareholding in the Company as detailed below.
Following these transactions the Directors hold Ordinary Shares, together with options over the same (including Matching Shares) exercisable at various prices up to 127.50 pence as also detailed below.
The nil-cost options held by Roger Witts were derived from an historic award of share options under the Faroe Petroleum Option Scheme made whilst serving as an executive director, and were exchanged for nil cost options under the FPIP in July 2013.
Issue of Equity and Total Voting Rights
Faroe Petroleum has applied to the London Stock Exchange for 43,168 new Ordinary Shares (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission").
It is expected that Admission will become effective on 9 May 2017. The New Ordinary Shares will, following allotment, rank pari passu in all respects with the existing issued Ordinary Shares.
Following Admission, the Company's issued share capital will be 366,571,040 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of voting rights in the Company will be 366,571,040.
Shareholders may use this figure 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 share capital of the Company under the FSA's Disclosure and Transparency Rules.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
(Disclosure in relation to exercise of share options and sale of shares)
Details of the person discharging managerial 1 responsibilities / person closely associated ----- ------------------------------------------------------------------- a) Name Roger Charles Witts ----- ---------------------------- ------------------------------------- 2 Reason for the notification ----- ------------------------------------------------------------------- a) Position/status Non-Executive Director ----- ---------------------------- ------------------------------------- b) Initial notification Initial notification /Amendment ----- ---------------------------- ------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----- ------------------------------------------------------------------- a) Name Faroe Petroleum plc ----- ---------------------------- ------------------------------------- b) LEI 213800RE18GVZGNYB270 ----- ---------------------------- ------------------------------------- 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 43,168 Ordinary Shares of 10p the financial each in Faroe Petroleum plc. instrument, type of instrument Sale of 17,319 Ordinary shares Identification of 10p each in Faroe Petroleum code plc. ISIN: GB0033032904 ----- ---------------------------- ------------------------------------- b) Nature of the (i) Exercise of Options to transaction acquire new Ordinary shares of 10p each (ii) Sale of new ordinary shares of 10p each ----- ---------------------------- ------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) ----- ---------------------------- --------------------- -------------- (i) 0.00 p 43,168 -------------------------------------------------------- -------------- (ii) 92.6 p 17,319 -------------------------------------------------------- -------------- d) Aggregated information 25,849 Ordinary Shares of 10p each in Faroe Petroleum plc. ----- ---------------------------- ------------------------------------- e) Date of the transaction 3 May 2017 ----- ---------------------------- ------------------------------------- f) Place of the XLON transaction ----- ---------------------------- -------------------------------------
Total Holdings
Following these transactions the Directors hold the following Ordinary Shares together with options over the same (including historic Matching Shares) exercisable at various prices up to 127.5 pence, as follows:
Director No of Ordinary No. of options over Shares ordinary shares of 10p each of 10p each ===================== =============== ==================== Graham Duncan Stewart 1,717,785 5,635,606 ===================== =============== ==================== Helge Ansgar Hammer 810,440 3,527,070 ===================== =============== ==================== Jonathan Robert Cooper 260,933 3,071,432 ===================== =============== ==================== John Bentley 172,270 0 ===================== =============== ==================== Roger Witts 109,180 0 ===================== =============== ==================== Timothy Read 160,000 0 ===================== =============== ==================== Jorunn Saetre 28,571 0 ===================== =============== ====================
- Ends -
For further information please contact:
Faroe Petroleum plc Tel: +44 1224 650 920 Graham Stewart, CEO Stifel Nicolaus Europe Tel: +44 20 7710 7600 Limited Callum Stewart /Nicholas Rhodes/Ashton Clanfield BMO Capital Markets Tel: +44 (0) 207 236 Neil Haycock/ Tom Rider/ 1010 Jeremy Low FTI Consulting Tel: +44 20 7831 3113 Edward Westropp/Emerson Clarke
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHDZLBBDEFFBBD
(END) Dow Jones Newswires
May 04, 2017 03:30 ET (07:30 GMT)
1 Year Faroe Petroleum Chart |
1 Month Faroe Petroleum Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions