25 May 2018
Faroe Petroleum plc
("Faroe Petroleum" or the "Company")
Issue of Equity, Notification of Directors' interests and Total Voting Rights
On 22 May 2018, Roger Witts, a Non-Executive Director of the Company transferred a total of 12,500 ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares")to his wife Paula Cecelia Witts for nil consideration.
Mr Witts has retained the balance of his shares in the Company of 96,680.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
(Disclosure in relation to exercise of share options and sale of shares)
|1||Details of the person discharging managerial responsibilities / person closely associated|
|a)||Name||Roger Charles Witts|
|2||Reason for the notification|
|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|
|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||12,500 Ordinary Shares of 10p each in Faroe Petroleum plc.ISIN: GB0033032904|
|b)||Nature of the transaction||(i) Transfer of Ordinary shares of 10p each|
|c)||Price(s) and volume(s)||Price(s)||Volume(s)|
|(i) 0.00 p||12,500|
|d)||Aggregated information||12,500 Ordinary Shares of 10p each in Faroe Petroleum plc.|
|e)||Date of the transaction||22 May 2018|
|f)||Place of the transaction||XLON|
For further information please contact:
|Faroe Petroleum plcGraham Stewart, CEO||Tel: +44 1224 650 920|
|Stifel Nicolaus Europe Limited Callum Stewart /Nicholas Rhodes/Ashton Clanfield||Tel: +44 20 7710 7600|
|RBC Capital MarketsMatthew Coakes||Tel: +44 20 7653 4000|
|FTI ConsultingEdward Westropp/Emerson Clarke||Tel: +44 20 7831 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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