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Director/PDMR Shareholding

1 Oct 2013 13:59

BANKERS PETROLEUM LIMITED - Director/PDMR Shareholding

BANKERS PETROLEUM LIMITED - Director/PDMR Shareholding

PR Newswire

London, October 1

October 1, 2013 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 2013, the followingpurchases were made by senior employees: Name Date of Number of Employer's Purchase Resulting Resulting Purchase Common Price Number of Holding as Shares Contribution (Cdn. $) Common at 30 Purchased (1) Shares September held as at 2013 as % 30 total September voting 2013 rights David French, July 15 679 679 3.07 88,538 0.0%President andChief Executive July 31 708 708 2.94 Officer August 15 653 653 3.19 August 30 598 598 3.48 September 13 553 553 3.77 September 30 552 552 3.77 Douglas C. Urch July 15 448 448 3.07 753,672 0.3%- ExecutiveVice President, July 31 467 467 2.94Finance andChief Financial August 15 431 431 3.19Officer August 30 395 395 3.48 September 13 365 365 3.77 September 30 364 364 3.77 Suneel Gupta - July 15 448 448 3.07 257,561 0.1%Executive VicePresident and July 31 467 467 2.94Chief OperatingOfficer August 15 431 431 3.19 August 30 395 395 3.48 September 13 365 365 3.77 September 30 364 364 3.77 (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. 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).Douglas Urch, Suneel Gupta and David French (following his appointmenteffective April 1, 2013) elected to participate in the plan, with aparticipation level of 10% of each of their respective salaries. Abby Badwi, following retirement from his role as President and Chief ExecutiveOfficer, effective April 1, 2013, is no longer participating in the ESSP. Assuch, there were no purchases made by, or on behalf of, Abby Badwi, in thequarter ended 30 September 2013 and there will be no such purchases goingforward. It is expected that the next quarterly announcement in respect of purchasesunder the ESSP will be made on or around January 6, 2014. For further information, contact: Doug Urch Executive VP, Finance and Chief Financial Officer Ph: (403) 513-2691 Email: investorrelations@bankerspetroleum.com Website: www.bankerspetroleum.com AIM NOMAD: Canaccord Genuity Limited Henry Fitzgerald-O'Connor +44 0 207 523 8000 AIM BROKER: FirstEnergy Capital LLP Hugh Sanderson / David van Erp

+44 0 207 448 0200

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