Result of Retail Offer
Retail offer of 19.5m shares at 0.8p per share completed; admission expected 18 July 2025.
- Retail shares issued 19,497,678
- Price per retail share 0.8 pence
- Total ordinary shares in issue post-admission 1,858,800,396
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Further to the announcement dated 11 July 2025 (the "Launch Announcement"), 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 15 July 2025, 19,497,678 Ordinary Shares will be issued at a price of 0.8 pence per Retail Share in connection with the Retail Offer.
Capitalised terms used in this announcement have the meaning given to them in the Launch Announcement, unless otherwise defined in this announcement.
Application has been made for the Retail Shares to be admitted to trading on AIM ("Admission"). Admission is expected to take place at 8.00 a.m. on 18 July 2025.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 1,858,800,396 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 1,858,800,396. 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.
Mike Buck, CEO of Petro Matad, said:
"We are pleased that many of our retail investors were able to participate in our recent offer. Your investment and support are much appreciated. We look forward to updating the market on our progress."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.