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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 : 8619Z
Faroe Petroleum PLC
05 September 2018
5 September 2018
Faroe Petroleum plc
("Faroe Petroleum" or the "Company")
Issue of Equity and Total Voting Rights
On 30 August 2018, a former employee of the Company exercised nil-cost options over a total of 50,821 ordinary shares of 10p each in the share capital of the Company ("Ordinary Shares") under the Faroe Petroleum Incentive Plan ("FPIP").
Faroe Petroleum has applied to the London Stock Exchange for 50,821 new Ordinary Shares (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission").
It is expected that Admission will become effective on 11 September 2018. 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 372,889,693 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of voting rights in the Company will be 372,889,693.
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.
- Ends -
For further information please contact:
Faroe Petroleum plc Graham Stewart/Jonathan Cooper Tel: +44 1224 650 920 Stifel Nicolaus Europe Limited Tel: +44 207 710 7600 Callum Stewart/Nicholas Rhodes/Ashton Clanfield BMO Capital Markets Tel: +44 207 236 1010 Tom Rider/ Jeremy Low FTI Consulting Tel: +44 207 831 3113 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 rns@lseg.com or visit www.rns.com.
END
MSCUGUWPBUPRGUA
(END) Dow Jones Newswires
September 05, 2018 06:50 ET (10:50 GMT)
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