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.

This information is provided by RNS

The company news service from the London Stock Exchange


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