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Exercise of Options under Long Term Incentive Plan

23 Jan 2019 07:00

RNS Number : 8177N
Amerisur Resources PLC
23 January 2019
 

23 January 2019

 

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.

 

 

Director

Position

No. Ordinary shares issued as Result of Option Exercise

John Wardle

Chief Executive Officer

2,262,000

 

 

ENDS

 

Enquiries:

 

Nick Harrison, CFO

Amerisur Resources

 

Tel: +44 (0)330 333 8246

Billy Clegg / Georgia Edmonds / Kimberley Taylor

Camarco

 

 

Tel: +44 (0)203 757 4983

Callum Stewart / Nicholas Rhodes / Ashton Clanfield

Stifel Nicolaus Europe Limited

 

Tel: +44 (0)20 7710 7600

 

Chris Sim / Alexander Ruffman

Investec

 

 

Tel: +44 (0)207 597 4000

Paul Shackleton / Dan Gee-Summons

Arden Partners plc

Tel: +44 (0)20 7614 5900

 

 

 

Notes to editors

 

About Amerisur Resources

Amerisur Resources is an experienced Colombian Operator with an extensive, strategic acreage position in the underexplored Putumayo in partnership with Occidental Petroleum ("Oxy") and a strategic acreage position in Llanos in CPO-5 with partner ONGC. Amerisur is the 100% owner and operator of the OBA pipeline, a key piece of strategic, cross-border export infrastructure delivering oil from the Putumayo in Colombia into Ecuador. Amerisur produces from three fields, Platanillo in the Putumayo which generates cash flow to fund its work programme and Mariposa-1 and Indico-1X in the Llanos basin. Amerisur has recently announced a potentially transformational result at Indico-1, which significantly exceeded expectations - 283 feet gross, 209 feet net oil column.

 

Amerisur has a robust financial position with cash generation and balance sheet to fund its work programme.

 

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.

www.amerisurresources.com 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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Date   Source Headline
24th Oct 201911:55 amRNSForm 8.5 (EPT/NON-RI)
24th Oct 20199:01 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
23rd Oct 201912:22 pmRNSForm 8.3 - Amerisur Resources PLC
23rd Oct 201912:07 pmPRNForm 8.3 - Amerisur Resources Plc
23rd Oct 20199:44 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
22nd Oct 201911:55 amRNSForm 8.5 (EPT/NON-RI)
22nd Oct 201910:54 amRNSForm 8.3 - Amerisur Resources plc
22nd Oct 201910:12 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
21st Oct 20193:11 pmRNSForm 8.5 (EPT/NON-RI)
21st Oct 201912:34 pmRNSForm 8.3 - Amerisur Resources PLC
21st Oct 201910:10 amGNWForm 8.5 (EPT/RI) - Amerisur Resources Plc
18th Oct 201911:55 amRNSForm 8.5 (EPT/NON-RI)
18th Oct 201911:53 amRNSForm 8.3 - Amerisur Resources PLC
18th Oct 201910:24 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
17th Oct 201911:06 amBUSForm 8.3 - Amerisur Resources
17th Oct 201910:21 amPRNForm 8.3 - Amerisur Resources Plc
17th Oct 20199:39 amGNWForm 8.5 (EPT/RI) - Amerisur Resources Plc
17th Oct 20198:19 amRNSForm 8.5 (EPT/NON-RI)
16th Oct 201912:28 pmRNSForm 8.3 - Amerisur Resources PLC
16th Oct 201911:55 amRNSForm 8.5 (EPT/NON-RI)
16th Oct 20199:41 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
15th Oct 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
15th Oct 201911:55 amRNSForm 8.5 (EPT/NON-RI)
15th Oct 20199:56 amRNSForm 8.3 - Amerisur Resources PLC
15th Oct 20199:51 amRNSForm 8.5 (EPT/NON-RI)
15th Oct 20199:23 amGNWForm 8.5 (EPT/RI) - Amerisur Resources Plc
14th Oct 201912:08 pmRNSForm 8.3 - Amerisur Resources PLC
14th Oct 201911:55 amRNSForm 8.5 (EPT/NON-RI)
11th Oct 201912:08 pmRNSForm 8.3 - Amerisur Resources PLC
11th Oct 201911:55 amRNSForm 8.5 (EPT/NON-RI)
11th Oct 20198:20 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
11th Oct 20197:00 amRNSStrategic Review and Formal Sale Process Update
10th Oct 201911:55 amRNSForm 8.5 (EPT/NON-RI)
10th Oct 20199:39 amGNWForm 8.5 (EPT/RI) - Amerisur plc
9th Oct 20193:16 pmRNSForm 8.3 - Amerisur Resources PLC
9th Oct 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
9th Oct 201911:55 amRNSForm 8.5 (EPT/NON-RI)
8th Oct 20198:09 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
7th Oct 201911:44 amRNSForm 8.3 - Amerisur Resources plc
7th Oct 201911:43 amPRNForm 8.3 AMENDMENT - Amerisur Resources Plc
7th Oct 201911:08 amPRNForm 8.3 - Amerisur Resources Plc
4th Oct 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
4th Oct 20199:50 amRNSForm 8.5 (EPT/NON-RI)
4th Oct 20199:29 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
3rd Oct 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
3rd Oct 201910:57 amRNSForm 8.3 - Amerisur Resources PLC
2nd Oct 20195:18 pmRNSAssignment of awards under the Company's LTIP
2nd Oct 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
2nd Oct 201911:55 amRNSForm 8.5 (EPT/NON-RI)
2nd Oct 20198:47 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc

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