Notification of Directors’ interests
01 May 2018
Faroe Petroleum plc
("Faroe Petroleum" or the "Company")
Notification of Directors' interests
On 27 April 2018, Mr Brent Cheshire, the Senior Non-Executive Director of the Company acquired 15,000 ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares") at a price of £1.305 per share.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
(Disclosure in relation to purchase of shares)
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Brent Cheshire | |
| 2 | Reason for the notification | ||
| a) | Position/status | Non-Executive | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Faroe Petroleum plc | |
| b) | LEI | 213800RE18GVZGNYB270 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of the financial instrument, type of instrument Identification code | 15,000 Ordinary Shares of 10p each in Faroe Petroleum plc. ISIN: GB0033032904 | |
| b) | Nature of the transaction | Purchase of Ordinary Shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 130.50p | 15,000 | ||
| d) | Aggregated information | 15,000 Ordinary Shares of 10p each in Faroe Petroleum plc. | |
| e) | Date of the transaction | 27 April 2018 | |
| f) | Place of the transaction | XLON | |
- Ends -
For further information please contact:
| Faroe Petroleum plc Graham Stewart, CEO | Tel: +44 1224 650 920 |
| Stifel Nicolaus Europe Limited Callum Stewart /Nicholas Rhodes/Ashton Clanfield | Tel: +44 207 710 7600 |
| BMO Capital Markets Neil Haycock / Tom Rider / Jeremy Low | Tel: +44 207 236 1010 |
| FTI Consulting Edward Westropp/Emerson Clarke | Tel: +44 207 831 3113 |
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
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