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Faroe Petroleum PLC  -  FPM   

Issue of Equity

Released 11:49 09-Oct-2013

RNS Number : 1096Q
Faroe Petroleum PLC
09 October 2013

9 October 2013


Faroe Petroleum plc ("Faroe Petroleum", the "Company")


Issue of Equity and Total Voting Rights


Faroe Petroleum has applied to the London Stock Exchange for 120,663 new ordinary shares of 10 pence each (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission") following the exercise of share options by a former employee under the Faroe Petroleum Share Option Scheme.


It is expected that Admission will become effective on 15 October 2013. The New Ordinary Shares will, following allotment, rank pari passu in all respects with the existing issued ordinary shares of 10 pence each in the share capital of Faroe Petroleum.


Following Admission, the Company's issued share capital will be 212,506,016 ordinary shares of 10 pence each. The Company does not hold any ordinary shares in treasury. Therefore the total number of voting rights in the Company will be 212,506,016.


Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.




- Ends -

For further information please contact:


Faroe Petroleum plc

Graham Stewart, CEO/Julian Riddick, Company Secretary



Tel: +44 1224 650 920


Panmure Gordon (UK) Limited

Callum Stewart/Adam James


Tel: +44 20 7886 2500


Oriel Securities Limited

Michael Shaw/Ashton Clanfield


Tel: +44 20 7710 7600

FTI Consulting

Edward Westropp/Georgia Mann


Tel: +44 20 7831 3113



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Issue of Equity - RNS