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PetroNeft Resources plc (the "Company")
Issue of Options
On 29 November 2012, options over ordinary shares of nominal value €0.01 ('Options') were awarded to directors of the Company in accordance with the Company's share option scheme. The exercise price of these options is 6.5p per share. The options will vest 33.3% on the first, second and third anniversary of the grant of Award, subject to a vesting criterion of the common shares trading at or above 8.5p for a 10 day period. The earliest any of the options can vest is 29 November 2013.
|
Director |
Number of Options issued |
Total number of Options held |
||
|
David Golder |
|
130,000 |
|
865,000 |
|
Dennis Francis |
|
475,000 |
|
2,345,000 |
|
Paul Dowling |
|
406,250 |
|
1,541,250 |
|
David Sanders |
|
406,250 |
|
1,246,250 |
|
Gerard Fagan |
|
110,000 |
|
260,000 |
|
Thomas Hickey |
|
110,000 |
|
553,000 |
|
Vakha Sobraliev |
|
110,000 |
|
765,000 |
|
Total |
|
1,747,500 |
|
7,575,500 |
For further information please contact:
|
Paul Dowling, CFO, PetroNeft Resources plc |
+353 1 647 0280 |
|
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker) |
+353 1 679 6363 |
This information is provided by RNS
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