TIDMFPM

RNS Number : 8063V

Faroe Petroleum PLC

07 November 2017

7 November 2017

Faroe Petroleum plc

("Faroe Petroleum" or the "Company")

Issue of Equity and Total Voting Rights

On 6 November 2017, an employee of the Company exercised nil-cost options over a total of 33,492 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 33,492 new Ordinary Shares (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission").

It is expected that Admission will become effective on 10 November 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 366,642,990 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of voting rights in the Company will be 366,642,990.

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 20 7236 1010 
  Neil Haycock / Tom Rider 
  / 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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(END) Dow Jones Newswires

November 07, 2017 07:28 ET (12:28 GMT)

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