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LONDON - Petro Matad Limited (AIM:MATD), a Mongolia-focused oil company, will issue approximately 19.5 million new ordinary shares at 0.8 pence per share following the completion of its retail offer, according to a press release statement issued Wednesday.
The retail offer, which closed on July 15, was conducted through the BookBuild Platform. The company has applied for the new shares to be admitted to trading on London’s AIM market, with admission expected to take place on July 18.
Following the admission of these new shares, Petro Matad’s total issued share capital will consist of 1,858,800,396 ordinary shares, each carrying one voting right. This figure may be used by shareholders as the denominator for calculations to determine if they need to notify their interest in the company under regulatory disclosure requirements.
The retail offer follows an announcement made by the company on July 11, 2025, when the offer was initially launched.
"We are pleased that many of our retail investors were able to participate in our recent offer," said Mike Buck, CEO of Petro Matad, in the press release. "Your investment and support are much appreciated."
The company did not specify how the proceeds from the share issue would be used.
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