TIDMMATD

RNS Number : 7279H

Petro Matad Limited

05 August 2021

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY PETRO MATAD LIMITED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

5 August 2021

Petro Matad Limited

Voting Results from EGM

Petro Matad Limited (AIM: Matad) ("Petro Matad" or the "Company"), t he AIM quoted Mongolian oil company , is pleased report that at the Extraordinary General Meeting of shareholders held on 5 August 2021 earlier today, all resolutions were duly passed. Accordingly, the Company can now proceed to complete the previously announced Open Offer and Subscriptions. The poll voting results for the Ordinary Resolutions and Special Resolutions are as follows:

EGM Voting Results

 
 Ordinary Resolution             Votes For            Votes Against      Votes Withheld 
                             Number      Percent    Number     Percent 
                                           (%)                   (%) 
                          ------------  --------  ----------  --------  --------------- 
 1. Allot new Ordinary 
  Shares in connection 
  with Open Offer and 
  Subscriptions            194,313,808     99.41   1,152,555    0.59             61,298 
                          ------------  --------  ----------  --------  --------------- 
 2. Grant new authority 
  to allot Ordinary 
  Shares                   194,313,808     99.41   1,152,555    0..59            61,298 
                          ------------  --------  ----------  --------  --------------- 
 
 
 Special Resolutions               Votes For            Votes Against      Votes Withheld 
                               Number      Percent    Number     Percent 
                                             (%)                   (%) 
                            ------------  --------  ----------  --------  --------------- 
 3. Disapply pre-emption 
  rights in connection 
  with the allotment 
  of new Ordinary Shares 
  pursuant to the Open 
  Offer and Subscriptions    194,138,808     99.32   1,327,555    0.68             61,298 
                            ------------  --------  ----------  --------  --------------- 
 4. Disapply pre-emption 
  rights                     194,243,093     99.37   1,222,643    0.63             61,925 
                            ------------  --------  ----------  --------  ---------------

The Company will now proceed to allot and issue 2,169,649 new Ordinary Shares pursuant to the Open Offer and 45,384,218 new Ordinary Shares pursuant to the Subscriptions. It is expected that admission of these shares to trading on AIM will occur, and that dealings will commence, at 8.00 a.m. on 6 August 2021.

Total Voting Rights

Following Admission, Petro Matad will have 898,502,499 ordinary shares in issue, which will also represent the total number of voting rights in the Company. No Shares are held in Treasury. This figure should be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

 
 
Petro Matad Limited 
 Mike Buck, Chief Executive Officer                           +9 76 7014 1099 
Shore Capital Stockbrokers Limited (Nominated 
 Adviser & Broker) 
 Toby Gibbs / John More (Corporate Advisory) 
 Jerry Keen (Corporate Broking)                              +44 207 408 4050 
Arden Partners (Joint Broker) 
 Paul Shackleton / Oscair McGrath (Corporate 
 Finance) 
 Tim Dainton (Equity Sales)                                  +44 207 614 5900 
FTI Consulting (Communications Advisory Firm)                +44 203 727 1000 
 Sara Powell / Ben Brewerton / Genevieve Ryan    petromatad@fticonsulting.com

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END

ROMUPUGARUPGGUA

(END) Dow Jones Newswires

August 05, 2021 06:53 ET (10:53 GMT)

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