Faroe Petroleum PLC Issue of Equity and Total Voting Rights (0467P)
August 25 2017 - 8:02AM
UK Regulatory
TIDMFPM
RNS Number : 0467P
Faroe Petroleum PLC
25 August 2017
25 August 2017
Faroe Petroleum plc
("Faroe Petroleum" or the "Company")
Issue of Equity and Total Voting Rights
On 24 August 2017, an employee of the Company exercised nil-cost
options over a total of 38,458 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
38,458 new Ordinary Shares (the "New Ordinary Shares") to be
admitted to trading on AIM ("Admission").
It is expected that Admission will become effective on 1
September 2017. 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
366,609,498 Ordinary Shares. The Company does not hold any Ordinary
Shares in treasury. Therefore the total number of voting rights in
the Company will be 366,609,498.
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 Tel: +44 1224 650
Cooper 920
Stifel Nicolaus Europe Tel: +44 20 7710 7600
Limited
Callum Stewart/Nicholas
Rhodes/Ashton Clanfield
BMO Capital Markets Tel: +44 (0) 207 236
Neil Haycock/ Tom Rider/ 1010
Jeremy Low
FTI Consulting Tel: +44 20 3727 1000
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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