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Petroneft Resources PLC  -  PTR   

Issue of Options

Released 09:35 30-Nov-2012

RNS Number : 4177S
Petroneft Resources PLC
30 November 2012
 

 

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
The company news service from the London Stock Exchange
 
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Issue of Options - RNS