Last checked at 15 Sep 2011 16:36
The following replaces the announcement that was released on 15th September 2011 at 14.44 under Holding(s) In Company. RNS No. 32780. The category and headline should read Director/PDMR Shareholding. All other information remains unchanged.
Alkane Energy plc
("Alkane" or "the Company")
Award of Performance Shares
Alkane Energy plc announces that on 15 September 2011 performance shares were awarded under the Alkane Energy plc Employee Performance Share Plan to the following directors:
| Share options holding prior to the award | Performance shares awarded | Share options and performance shares held after the award | Share options and performance shares held as % of issued share capital |
Neil O'Brien, Chief Executive Officer | 2,097,382 | 620,625 | 2,718,007 | 2.73% |
Steve Goalby, Finance Director | 376,303 | 486,375 | 862,678 | 0.87% |
The awards are in respect of ordinary shares of 0.5p each, with a subscription price of 0.5p per share, and are exercisable on 31 March 2014 subject to performance conditions. The conditions are that a maximum of 50% of the award will vest if the Company's share price increases from a base of 20p to certain levels on the vesting date, and a maximum of 50% of the award will vest if the Company's adjusted profit per share increases from that reported in the year ended 31 December 2010 to certain levels in the year ended 31 December 2013. In respect of both conditions shares will be vested in proportion to the level of achievement.
Neil O'Brien's current shareholding is 749,000 ordinary shares of 0.5p each, representing approximately 0.75% of the existing issued share capital.
Steve Goalby's current shareholding is 700,717 ordinary shares of 0.5p each, representing approximately 0.70% of the existing issued share capital.
Enquiries:
Alkane Energy plc Neil O'Brien/Steve Goalby |
Tel: +44 (0) 1623 827927 |
Altium Adrian Reed/Nakul Mohandas |
Tel: +44 (0) 845 5054343 |