Faroe Petroleum PLC Director/PDMR Shareholding (2111Y)

TIDMFPM

RNS Number : 2111Y

Faroe Petroleum PLC

17 August 2018

17 August 2018

Faroe Petroleum plc

("Faroe Petroleum" or the "Company")

Notification of Directors' interests

On 17 August 2018, Jonathan Robert Cooper, the Chief Financial Officer of the Company transferred a total of 16,354 ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares") to his wife Sarah Natalie Cooper at a price of GBP1.399 per Ordinary Share.

Mr Cooper has retained the balance of his shareholding in the Company of 638,471 Ordinary Shares.

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 responsibilities 
   1     / person closely associated 
 a)     Name                                Jonathan Robert Cooper 
       ----------------------------------  ------------------------------------------ 
 2      Reason for the notification 
       ------------------------------------------------------------------------------ 
 a)     Position/status                     Chief Financial Officer 
       ----------------------------------  ------------------------------------------ 
 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 the                  16,354 Ordinary Shares of 10p each in 
         financial instrument,               Faroe Petroleum plc. 
         type of instrument 
         Identification code                 ISIN: GB0033032904 
       ----------------------------------  ------------------------------------------ 
 b)     Nature of the transaction           (i) Transfer of Ordinary shares of 10p 
                                             each 
       ----------------------------------  ------------------------------------------ 
 c)     Price(s) and volume(s)              Price(s)                  Volume(s) 
                                           ------------------------  ---------------- 
   (i) GBP1.399                                                       16,354 
  -----------------------------------------------------------------  ---------------- 
 d)     Aggregated information              16,354 Ordinary Shares of 10p each in 
                                             Faroe Petroleum plc 
       ----------------------------------  ------------------------------------------ 
 e)     Date of the transaction             17 August 2018 
       ----------------------------------  ------------------------------------------ 
 f)     Place of the transaction            XLON 
       ----------------------------------  ------------------------------------------ 
 

For further information please contact:

 
 
   Faroe Petroleum plc                Tel: [phone] 
   Graham Stewart, CEO 
 Stifel Nicolaus Europe Limited     Tel: [phone] 
  Callum Stewart /Nicholas Rhodes 
  / Ashton Clanfield 
 BMO Capital Markets                Tel: [phone] 
  Tom Rider / Jeremy Low 
 FTI Consulting                     Tel: [phone] 
  Ben Brewerton/ 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 17, 2018 12:10 ET (16:10 GMT)