Petro Matad Limited Result of EGM and Total Voting Rights (3124E)

TIDMMATD

RNS Number : 3124E

Petro Matad Limited

08 February 2018

THIS ANNOUNCEMENT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

This announcement is for information purposes only and does not constitute any invitation, solicitation, recommendation, prospectus, offering memorandum or an offer or advice to any person to subscribe for, otherwise acquire or dispose of any securities in Petro Matad Limited or any other entity in any jurisdiction. Neither this announcement nor the fact of its distribution should form the basis of, or be relied on in connection with, any investment decision in respect of Petro Matad Limited or other evaluation of any securities of Petro Matad Limited or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

8 February 2018

Petro Matad Limited

("Petro Matad" or the "Company")

Result of Extraordinary General Meeting

Total Voting Rights

Petro Matad (AIM: MATD), the AIM-quoted Mongolian oil explorer announces that all resolutions proposed at its Extraordinary General Meeting held earlier today, as set out in the Notice of Extraordinary General Meeting dated 22 January 2018, were duly passed by shareholders.

Accordingly, pursuant to the Fundraising announced on 19 January 2018, the Company is issuing 127,420,294 New Ordinary Shares pursuant to the Placing and 59,167,335 New Ordinary Shares pursuant to the Subscription, each at the Placing Price.

Application has been made for admission of the Placing Shares and Subscription Shares to trading on AIM which is expected to become effective, and dealings are expected to commence, at 8.00 a.m. on Friday, 9 February 2018, following which the Company will have 519,845,881 Ordinary Shares in issue with voting rights. There are no Ordinary Shares held in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 519,845,881 and 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 change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 Petro Matad Limited 
                            [phone] / +97 
 Mike Buck, CEO              675 751 099 
 
 Stockdale Securities Limited (Nominated Adviser 
  and Joint Bookrunner) 
 Richard Johnson 
  Andy Crossley 
  El Hanan Lee              [phone] 
 
 Stifel Nicolaus Europe Limited (Joint Bookrunner) 
 Callum Stewart 
  Nicholas Rhodes 
  Ashton Clanfield          [phone] 
 
 Pareto Securities AS (Joint Bookrunner) 
 Petter Sagfossen 
  Peter Gullestrup          [phone] 
 
 FTI Consulting (Communications Advisory Firm) 
 Edward Westropp            [phone] 
 

Capitalised terms used in this announcement and not otherwise defined in the text of this announcement shall have the same meanings as the definitions in the Company's announcement of the Fundraising on 19 January 2018.

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 the sole operatorship of three production sharing contracts with the Government of Mongolia. Block XX has an area of 10,340 km(2) in the far eastern part of the country, and Blocks IV and V have an area of 28,900 km2 and 21,100 km2, respectively, in the southwest part of the country.

Petro Matad Limited is incorporated in the Isle of Man under company number 001483V. Its registered office is at 6(th) Floor, Victory House, Douglas, Isle of Man, IM1 1EQ.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 08, 2018 05:10 ET (10:10 GMT)