17th Aug 2017 17:02
17 August 2017
Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas
Mayan Energy Ltd ("Mayan" or "the Company")
Director's Dealings
Subscription under the Placing
Director/PDMR Holding
TVR
Further to the announcements of 27 June and 8 August 2017, Mayan Energy Limited is pleased to announce that Heriberto ('Eddie') Gonzalez Jr., Chief Executive Officer, has today subscribed for a total of 23,333,334 new ordinary shares in the Company on the same terms as the Placing announced on 8 August 2017 (the "Shares"), that is at 0.3p per Share. These shares are being issued in settlement of outstanding director's fees owed to Eddie.
Application will be made for the Shares, which will rank pari passu with the existing ordinary shares, to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence on or around 21 August 2017.
Following the issue of the Shares, Mr Gonzalez's total holding will comprise of 24,166,667 ordinary shares in the Company, representing 3.85% of the enlarged issued share capital.
The enlarged issued share capital of the Company will consist of 628,323,114 Ordinary Shares. No shares were held in treasury at the date of this announcement. The total current voting rights in the Company are therefore 628,323,114.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Heriberto ("Eddie") Gonzalez Jr. | ||||
2 | Reason for notification | |||||
a) | Position / status | Chief Executive Officer | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Mayan Energy Ltd | ||||
b) | LEI | 213800NTIHRNYL5QO564 | ||||
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 | Ordinary shares in Mayan Energy Ltd
ISIN VGG5S26K1152
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| Nature of the transaction | Issue of 24,166,667 ordinary shares | ||||
| Price(s) and volumes(s) |
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d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 17 August 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||
**ENDS**
For further information visit www.Mayanenergy.com or contact the following:
Eddie Gonzalez | Mayan Energy Ltd | + 1 469 394 2008 |
Charlie Wood | Mayan Energy Ltd | +44 7971 444 326 |
Roland Cornish | Beaumont Cornish Ltd | +44 20 7628 3396 |
James Biddle | Beaumont Cornish Ltd | +44 20 7628 3396 |
Nick Bealer | Cornhill Capital Limited | +44 20 7710 9612 |
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Notes:
Mayan Energy Limited is an AIM listed (London Stock Exchange) oil and gas energy company; whose present operations which are focussed on the redevelopment and enhancement of its upstream oil and gas interests in Oklahoma, Texas and Louisiana.
Related Shares:
AOGL.L