Issue of Equity and Total Voting Rights
Issue of Equity and Directors' Dealings
Petro Matad announces that it has issued 2,256,550 new ordinary shares of US$0.01 each ("New Shares") under the Company's Long Term Equity Incentive Plan (the "Plan") to directors of the Company. The New Shares have been issued, under the terms of the Plan, at nominal value.
Changes to Directors' Holdings
The below table sets out the Directors' shareholdings following the issue of the New Shares:
Percentage
New Shares holding
being issued of enlarged
Previous under the Resultant issued share
Director shareholding Plan shareholding capital
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Oyungerel
Janchiv* 18,807,066 498,380 19,305,446 6.72%
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Enkhmaa Davaanyam 4,390,020 498,380 4,888,400 1.70%
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Philip Vingoe 998,380 498,380 1,496,760 0.52%
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Ridvan Karpuz 1,447,829 498,380 1,946,209 0.68%
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John Henriksen 820,228 263,030 1,083,258 0.38%
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*Dr Oyungerel Janchiv, a director of Petro Matad, controls more than 20% of Petrovis Matad Inc. ("Petrovis"). Her direct holding in Petro Matad of 19,305,446 ordinary shares is, for disclosure purposes, aggregated with that of Petrovis under the AIM definition of director's family. The aggregated holding of Dr Oyungerel and Petrovis is 111,489,708 ordinary shares representing 38.78 per cent. of the Company's enlarged issued share capital.
Application has been made for the 2,256,550 New Shares to be admitted to trading on AIM and it is anticipated that this will occur on or around 31 July 2015.
Total Voting Rights
Following the issue of the New Shares, Petro Matad will have 287,494,775 ordinary shares in issue, which will also represent the total number of voting rights in the Company. This figure should be used by shareholders 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 Company under the FCA's Disclosure and Transparency Rules.
Concert Party
Following the issue of the New Shares to Oyungerel Janchiv and Enkhmaa Davaanyam, the Petrovis Group (being Petrovis, its underlying shareholders and their family members) will hold 144,050,322 ordinary shares, representing 50.11 per cent. of the Company's enlarged issued share capital
