Petro Matad Limited Transactions by Director (0688M)

TIDMMATD

RNS Number : 0688M

Petro Matad Limited

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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July 25, 2017 11:50 ET (15:50 GMT)

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