16 Jan 2013 07:00
BANKERS PETROLEUM LIMITED - Implementation of Employee Stock Savings PlanBANKERS PETROLEUM LIMITED - Implementation of Employee Stock Savings Plan
PR Newswire
London, January 15
January 16, 2013
AIM: BNK
Bankers Petroleum Ltd. ("Bankers" or the "Company")
Implementation of Employee Stock Savings Plan
The Company announces that it has implemented an Employee Stock Savings Plan("ESSP"), whereby employees may use a proportion of their salary (matchedequally by the Company) to purchase Bankers Petroleum shares on the TorontoStock Exchange, on each pay period (mid-month and month-end).
The purpose of this plan is to further align the interests of employees of theCompany with generating shareholder value. Participation in the plan isvoluntary. The ESSP will be independently managed.
An employee can change or cancel their contribution level under the ESSP twiceper calendar year through notification to the Company by the 5th day of Januaryand July of each calendar year. Applicable Employees (as defined by the AIMRules for Companies) will be prohibited from joining the ESSP and from changingor cancelling their contribution in any Close Period (as defined by the AIMRules for Companies).
The Company's management team including Abby Badwi (CEO), Douglas Urch (CFO),Suneel Gupta (COO), have elected to participate in the plan.
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 LimitedHenry Fitzgerald-O'Connor+44 0 207 523 8000 AIM BROKER:FirstEnergy Capital LLPHugh Sanderson / David van Erp
+44 0 207 448 0200