1 Oct 2014 15:27
BANKERS PETROLEUM LIMITED - Director/PDMR ShareholdingBANKERS PETROLEUM LIMITED - Director/PDMR Shareholding
PR Newswire
London, October 1
October 1, 2014 AIM: BNK Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company") Employee Stock Savings Plan Quarterly Update Further to the Company's announcement of January 16, 2013 regarding theimplementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleumannounces that during the quarter ending 30 September 2014, the followingpurchases were made by senior employees: Name Date of Purchase Number of Employer's Purchase Employer's Resulting Resulting Common Contribution Price Contribution Number of Holding as at Shares (1) (Cdn. $) Vested(2) Common 30 September Purchased Shares 2014 as held as % total at 30 voting rights September 2014 David French, July 15 329 329 6.89 679 174,661 0.1%President andChief Executive July 31 363 363 6.26 708 Officer August 15 360 360 6.31 653 August 31 345 345 6.58 598 September 391 391 5.80 553 15 September 411 411 5.52 552 30 Douglas C. Urch July 15 217 217 6.89 448 1,006,567 0.4%- ExecutiveVice President, July 31 240 240 6.26 467Finance andChief Financial August 15 238 238 6.31 431Officer August 31 228 228 6.58 395 September 258 258 5.80 365 15 September 272 272 5.52 364 30 Suneel Gupta - July 15 217 217 6.89 448 430,760 0.2%Executive VicePresident and July 31 240 240 6.26 467Chief OperatingOfficer August 15 238 238 6.31 431 August 31 228 228 6.58 395 September 258 258 5.80 365 15 September 272 272 5.52 364 30 (1) These shares are the matching shares purchased by the Company, whichshall vest to the shareholder twelve months from the date of purchase, providedthe shareholder is still an employee of the Company. (2) These shares are the matching shares purchased by the Company twelvemonths ago and are now vested to the shareholder. As previously announced, under the ESSP, employees may use up to 10% of theirsalary (matched equally by the Company) to purchase Bankers Petroleum shares onthe Toronto Stock Exchange, on each pay period (midmonth and month-end). DavidFrench, Douglas Urch and Suneel Gupta elected to participate in the plan, witha participation level of 10% of each of their respective salaries. It is expected that the next quarterly announcement in respect of purchasesunder the ESSP will be made on or around January 1, 2015. For further information, contact: Doug UrchExecutive VP, Finance and Chief Financial OfficerPh: (403) 513-2691Email: investorrelations@bankerspetroleum.comWebsite: www.bankerspetroleum.com AIM NOMAD:Canaccord Genuity LimitedHenry Fitzgerald-O'Connor+44 0 207 523 8000 AIM BROKER:FirstEnergy Capital LLPHugh Sanderson / David van Erp+44 0 207 448 0200