TIDMMATD
RNS Number : 2840P
Petro Matad Limited
08 February 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN
THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR ANY
MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY
OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR
BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE
IMPORTANT NOTICE AT THE OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF EU REGULATION 596/2014 WHICH FORMS PART OF DOMESTIC LAW IN THE
UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.
For immediate release
8 February 2023
Petro Matad Limited
("Petro Matad" or the "Company")
Result of Retail Offer
Further to the announcement dated 2 February 2023, Petro Matad
(AIM: MATD), the AIM quoted Mongolian oil company, is pleased to
announce that, following the closing of the Retail Offer on the
BookBuild Platform on 7 February 2023, 20,000,000 Ordinary Shares
will be issued at a price of 2.5 pence per Retail Offer Share in
connection with the Retail Offer, which was significantly
oversubscribed.
Capitalised terms used in this announcement have the meaning
given to them in the launch announcement, unless otherwise defined
in this announcement.
Allocation was made to existing Shareholders applying the
principles of soft pre-emption. Shareholders were allocated 100% of
their soft pre-emptive allowance. Where the order was greater than
the soft pre-emptive allowance shareholders received c.67% of their
additional demand.
Consequently, 161,788,620 Placing Shares, 33,333,332
Subscription Shares, and 20,000,000 Retail Offer Shares, resulting
in a total of 215,121,952 new Ordinary Shares will be issued in
relation to the Placing, Subscription and Retail Offer, raising
total gross proceeds of $6.6 million. (1)
Application will be made for the Placing Shares, Subscription
Shares, and Retail Offer Shares to be admitted to trading on AIM
("Admission"). Admission is expected to take place at 8.00 a.m. on
10 February 2023.
Following the Admission, the total number of Ordinary Shares in
the capital of the Company in issue will be 1,113,883,601 with each
Ordinary Share carrying the right to one vote. There are no
Ordinary Shares held in treasury and therefore the total number of
voting rights in the company is expected to be 1,113,883,601. The
above figure may be used by Shareholders in the Company 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 FCA's
Disclosure, Guidance and Transparency Rules.
Enquiries :
Petro Matad Limited
Mike Buck, Chief Executive Officer +44 162 462 7099
Shore Capital Stockbrokers Limited (NOMAD,
Broker, Joint Bookrunner)
Toby Gibbs / John More/ Rachel Goldstein +44 207 408 4050
Zeus Capital Limited (Joint Bookrunner)
Simon Johnson / Louisa Waddell +44 207 614 5900
FTI Consulting (Financial PR) +44 203 727 1000
Ben Brewerton / Christopher Laing petromatad@fticonsulting.com
Bookbuild
Paul Brotherhood/ Marc Downes
support@bookbuild.live
(1) Soft Pre-emptive allowance Calculation: Existing shares X
23.935% (Dilution from total new shares being issued) = Soft
Pre-emptive allowance allocation shares
Additional Demand: (Total Order shares - Soft Pre-emptive
allowance allocation shares) x c.67% = Additional demand allocation
shares
Important Notices
The content of this announcement has been prepared by, and is
the sole responsibility of, the Company.
This announcement and the information contained herein is not
for release, publication or distribution, directly or indirectly,
in whole or in part, in or into or from the United States
(including its territories and possessions, any state of the United
States and the District of Columbia (the "United States" or "US")),
Australia, Canada, Japan, the Republic of South Africa, any member
state of the EEA or any other jurisdiction where to do so might
constitute a violation of the relevant laws or regulations of such
jurisdiction.
The Retail Offer Shares have not been and will not be registered
under the US Securities Act of 1933, as amended (the "US Securities
Act") or under the applicable state securities laws of the United
States and may not be offered or sold directly or indirectly in or
into the United States or to or for the account or benefit of any
US person (within the meaning of Regulation S under the US
Securities Act) (a "US Person"). No public offering of the Retail
Offer Shares is being made in the United States. The Retail Offer
Shares are being offered and sold outside the United States in
"offshore transactions", as defined in, and in compliance with,
Regulation S under the US Securities Act. In addition, the Company
has not been, and will not be, registered under the US Investment
Company Act of 1940, as amended.
This announcement does not constitute an offer to sell or issue
or a solicitation of an offer to buy or subscribe for Retail Offer
Shares in the United States, Australia, Canada, New Zealand, Japan,
the Republic of South Africa, any member state of the EEA or any
other jurisdiction in which such offer or solicitation is or may be
unlawful. No public offer of the securities referred to herein is
being made in any such jurisdiction.
The distribution of this announcement may be restricted by law
in certain jurisdictions and persons into whose possession any
document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
Shore Capital is authorised and regulated in the United Kingdom
by the FCA and Zeus is regulated in the United Kingdom by the FCA.
Each of Shore Capital and Zeus is acting exclusively for the
company and no one else in connection with the placing, and Shore
Capital and Zeus will each not be responsible to anyone other than
the Company for providing the protections afforded to its clients,
nor for providing advice in connection with the Retail Offer,
Admission and the other arrangements referred to in this
announcement.
The value of Ordinary Shares and the income from them is not
guaranteed and can fall as well as rise due to stock market and
currency movements. When you sell your investment, you may get back
less than you originally invested. Figures refer to past
performance and past performance is not a reliable indicator of
future results. Returns may increase or decrease as a result of
currency fluctuations.
Certain statements in this announcement are forward-looking
statements which are based on the Company's expectations,
intentions and projections regarding its future performance,
anticipated events or trends and other matters that are not
historical facts. These forward-looking statements, which may use
words such as "aim", "anticipate", "believe", "intend", "estimate",
"expect" and words of similar meaning, include all matters that are
not historical facts. These forward-looking statements involve
risks, assumptions and uncertainties that could cause the actual
results of operations, financial condition, liquidity and dividend
policy and the development of the industries in which the Company's
businesses operate to differ materially from the impression created
by the forward-looking statements. These statements are not
guarantees of future performance and are subject to known and
unknown risks, uncertainties and other factors that could cause
actual results to differ materially from those expressed or implied
by such forward-looking statements. Given those risks and
uncertainties, prospective investors are cautioned not to place
undue reliance on forward looking statements.
These forward-looking statements speak only as at the date of
this announcement and cannot be relied upon as a guide to future
performance. The Company, Shore Capital and Zeus expressly disclaim
any obligation or undertaking to update or revise any
forward-looking statements contained herein to reflect actual
results or any change in the assumptions, conditions or
circumstances on which any such statements are based unless
required to do so by the FCA, the London Stock Exchange or
applicable law.
The information in this announcement is for background purposes
only and does not purport to be full or complete. None of Shore
Capital or Zeus, or any of their affiliates, accepts any
responsibility or liability whatsoever for, or makes any
representation or warranty, express or implied, as to this
announcement, including the truth, accuracy or completeness of the
information in this announcement (or whether any information has
been omitted from the announcement) or any other information
relating to the Company or associated companies, whether written,
oral or in a visual or electronic form, and howsoever transmitted
or made available or for any loss howsoever arising from any use of
the announcement or its contents or otherwise arising in connection
therewith. Shore Capital, Zeus and their affiliates accordingly
disclaim all and any liability whether arising in tort, contract or
otherwise which they might otherwise be found to have in respect of
this announcement or its contents or otherwise arising in
connection therewith.
Any indication in this announcement of the price at which the
Ordinary Shares have been bought or sold in the past cannot be
relied upon as a guide to future performance. Persons needing
advice should consult an independent financial adviser. No
statement in this announcement is intended to be a profit forecast
and no statement in this announcement should be interpreted to mean
that earnings or target dividend per share of the Company for the
current or future financial years would necessarily match or exceed
the historical published earnings or dividends per share of the
Company.
Neither the content of the Company's website (or any other
website) nor the content of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into or forms part of this announcement. The Retail Offer Shares to
be issued or sold pursuant to the Retail Offer will not be admitted
to trading on any stock exchange other than the London Stock
Exchange.
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END
MSCKZGGZVRFGFZG
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February 08, 2023 02:00 ET (07:00 GMT)
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