RNS23 Jan 2019 07:35
Amerisur Resources Plc ("Amerisur" or the "Company")
Exercise of Options under Long Term Incentive Plan ("LTIP")
Amerisur, the oil and gas producer and explorer focused on South America, announces that John Wardle, Chief Executive Officer of Amerisur, has exercised nil cost options (the "Options") issued under the LTIP over 2,262,000 Ordinary Shares of 0.1 pence each in the Company ("Ordinary Shares"). The Options were exercised on 22 January 2019 and were registered to Tracarta Ltd. ("Tracarta"), a company in which John Wardle has an interest.
These Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares. Application has been made for the Ordinary Shares to be admitted to trading. Admission is expected on 28 January 2019.
Subsequent to the exercise of the Options, the new issued share capital ("ISC") of Amerisur will be 1,215,467,768 shares. Tracarta's new holding will be 33,391,505 shares, representing 2.747% of the new ISC.
The above figure of 1,215,467,768 Ordinary Shares may be used by shareholders in the Company 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.