PETRO MATAD LIMITED

Director's Dealing • Dec 31, 2019

National Storage Mechanism | Additional information

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RNS Number : 3699Y

Petro Matad Limited

31 December 2019

Petro Matad Limited

("Petro Matad" or the "Company")

Director / PDMR dealing

Following the exercise of conditional share awards on 30 December, the notification set out below is provided in accordance with the requirement of Article 19 of the EU Market Abuse Regulation.

1

Details of the person discharging managerial responsibilities / person closely associated

a) 

Name

Mr. Mike Buck

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Petro Matad Limited

b)

LEI

213800FXLBLLEVK4R858

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of US$0.01 par value each

ISIN: IM00B292WR19

b)

Nature of the transaction

Exercise of conditional share awards

c)

Price(s) and volume(s)

Price(s)	Volume(s)
US$0.01	4,455,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

30 December 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a) 

Name

Mr. John Henriksen

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Petro Matad Limited

b)

LEI

213800FXLBLLEVK4R858

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of US$0.01 par value each

ISIN: IM00B292WR19

b)

Nature of the transaction

Exercise of conditional share awards

c)

Price(s) and volume(s)

Price(s)	Volume(s)
US$0.01	1,737,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

30 December 2019

f)

Place of the transaction

Outside a trading venue

Further information please contact:

Petro Matad Limited
Mike Buck, CEO	+976 7014 1099 / +976 7575 1099
Shore Capital (Nominated Adviser and Broker)
Toby Gibbs Jerry Keen John More	+44 (0) 20 7408 4090
Stifel Nicolaus Europe Limited (Broker)
Callum Stewart Nicholas Rhodes Ashton Clanfield	+44 (0) 20 7710 7600
FTI Consulting (Communications Advisory Firm)
Sara Powell Ben Brewerton	+44 (0) 20 3727 1000

About Petro Matad

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds 100% working interest and the operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,367 square kilometres in the far eastern part of the country, and Blocks IV and V have an area of 29,062 square kilometres and 21,143 square kilometres, respectively, in the central western part of the country.

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V. Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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