Transactions by Director

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
Ridvan Karpuz, CEO	[phone] / [phone]
NOMAD and Broker Stockdale Securities Limited
Richard Johnson / David Coaten	[phone]

Business Advisory Firm

FTI Consulting

Edward Westropp                                                                   [phone]

 

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