Statement from Faroe regarding press commentary
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
20 December 2018
Faroe Petroleum plc (the "Company" or "Faroe")
Statement from Faroe regarding press commentary
Faroe clarifies that the following quotation which appeared in an article titled "Faroe CEO Expects Owners to Reject DNO's Bid Despite Oil Slump" on Bloomberg Intelligence on 20 December 2018 of:
"Faroe again hit back Thursday, urging its shareholders to reject the bid. "I would definitely expect" them to do just that, Chief Executive Officer Graham Stewart said in a phone interview."
was intended to express a management belief and should not be construed as a formal statement of support as outlined in Rule 19.3 of the UK Takeover Code.
| Faroe Petroleum plcGraham Stewart, CEO | Tel: +44 (0) 1224 650 920 |
| N M Rothschild & Sons LimitedEmmet Walsh / Elias Mitropoulos | Tel: +44 20 7280 5000 |
| Stifel Nicolaus Europe LimitedCallum Stewart / Nicholas Rhodes / Ashton Clanfield | Tel: +44 (0) 20 7710 7600 |
| BMO Capital MarketsTom Rider / Jeremy Low | Tel: +44 (0) 207 236 1010 |
| FTI ConsultingBen Brewerton / Sara Powell | Tel: +44 (0) 20 3727 1000 |
Publication on website and hard copies
A copy of this announcement and the documents required to be published by Rule 26 of the Takeover Code will be available, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Faroe' website at https://www.fp.fo/ by no later than 12 noon on the Business Day following the date of this announcement. For the avoidance of doubt, the content of the website is not incorporated into and does not form part of this announcement.
This announcement does not contain inside information.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.