Petro Matad Limited Issue of equity

RNS Number : 2120U

Petro Matad Limited

28 June 2024

 

For immediate release

 

28 June 2024

Petro Matad Limited

("Petro Matad" or the "Company")

Issue of equity

 

Petro Matad Limited ("Petro Matad" or the "Company") (AIM: MATD), the AIM quoted Mongolian oil company, is pleased to announce that following the Results of Placing and Subscription announcement on the 26^th June 2024, the company has made an application for the admission to trading on the AIM market of London Stock Exchange of 306,692,916 new ordinary shares of USD0.01 each ("Placing Shares").

 

The Placing Shares are expected to be admitted to trading on 1 July 2024.

 

Following this admission, the Group's share capital and total voting rights will comprise 1,420,576,517 ordinary shares of USD0.01 each and the Group does not hold any shares in treasury. Consequently, 1,420,576,517 is the figure which 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 under the FCA's Disclosure and Transparency Rules.

 

 

Enquiries:

Petro Matad Limited Mike Buck, Chief Executive Officer		[phone]
Shore Capital Stockbrokers Limited (NOMAD, Broker, Joint Bookrunner) Toby Gibbs / Rachel Goldstein		[phone]
Zeus Capital Limited (Joint Bookrunner) Simon Johnson / Louisa Waddell		[phone]
FTI Consulting (Financial PR) Ben Brewerton / Christopher Laing	[phone] [e-mail]

About Petro Matad

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds 100% working interest and the operatorship of two Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 214 square kilometres in the far eastern part of the country and Block V has an area of 7,937 square kilometres in the central western part of the country.

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V. Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.

 

 

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