Petro Matad Limited Transactions by Director (0688M)
July 25 2017 - 10:50AM
UK Regulatory
TIDMMATD
RNS Number : 0688M
Petro Matad Limited
25 July 2017
25 July 2017
Petro Matad Limited
("Petro Matad" or the "Company")
Transactions by Director
Petro Matad announces that on 24 July 2017 Dr Oyungerel Janchiv,
non-executive director of Petro Matad, gifted for no consideration
and by way of off-market transactions, 3,600,000 ordinary shares of
US$0.01 each in the Company ("Shares") to her children Shinezaya
Batbold and Dulguun Batbold, each of whom received 1,800,000
Shares.
Dr Oyungerel and Petrovis Matad Inc. ("Petrovis") are members of
the Petrovis Group Concert Party. Dr Oyungerel controls more than
20% of Petrovis. Her direct holding in Petro Matad of 13,267,946
Shares (following the transactions detailed above) 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 107,952,208 Shares representing 34.11 per
cent. of the Company's issued share capital.
Following the above transactions, the combined shareholdings of
the Petrovis Group (being Petrovis, its underlying shareholders and
their family members) will remain unchanged at 144,112,822 Shares,
representing 45.54 per cent. of the Company's issued share
capital.
For more information, please contact:
Petro Matad Limited
+97 670 141 099 / +97
Ridvan Karpuz, CEO 675 751 099
NOMAD and Broker
Stockdale Securities Limited
Richard Johnson / David
Coaten +44 (0)20 7601 6100
Business Advisory Firm
FTI Consulting
Edward Westropp +44 (0)20 3727 1521
This information is provided by RNS
The company news service from the London Stock Exchange
END
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