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"), the 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
| +976 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) Sara Powell / Ben Brewerton / Genevieve Ryan | +44 203 727 1000 petromatad@fticonsulting.com |
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