Faroe Petroleum PLC Notification of Directors? interests (7085M)

TIDMFPM

RNS Number : 7085M

Faroe Petroleum PLC

01 May 2018

01 May 2018

Faroe Petroleum plc

("Faroe Petroleum" or the "Company")

Notification of Directors' interests

On 27 April 2018, Mr Brent Cheshire, the Senior Non-Executive Director of the Company acquired 15,000 ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares") at a price of GBP1.305 per share.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

(Disclosure in relation to purchase of shares)

 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Name                                   Brent Cheshire 
       -------------------------------------  ---------------------------------------- 
 2      Reason for the notification 
       ------------------------------------------------------------------------------- 
 a)     Position/status                        Non-Executive 
       -------------------------------------  ---------------------------------------- 
 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                     15,000 Ordinary Shares of 10p each in 
         financial instrument,                  Faroe Petroleum plc. 
         type of instrument 
         Identification code 
                                                ISIN: GB0033032904 
       -------------------------------------  ---------------------------------------- 
 b)     Nature of the transaction              Purchase of Ordinary Shares 
       -------------------------------------  ---------------------------------------- 
 c)     Price(s) and volume(s)                 Price(s)             Volume(s) 
       -------------------------------------  -------------------  ------------------- 
                                                130.50p             15,000 
 -------------------------------------------  -------------------  ------------------- 
 
 d)     Aggregated information                 15,000 Ordinary Shares of 10p each in 
                                                Faroe Petroleum plc. 
       -------------------------------------  ---------------------------------------- 
 e)     Date of the transaction                27 April 2018 
       -------------------------------------  ---------------------------------------- 
 f)     Place of the transaction               XLON 
       -------------------------------------  ---------------------------------------- 
 

- Ends -

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] 
  Neil Haycock / Tom Rider / 
  Jeremy Low 
 FTI Consulting                            Tel: [phone] 
  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

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May 01, 2018 04:45 ET (08:45 GMT)