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19 Oct 2009 15:44
Borders and Southern Petroleum Plc
Grant of Share Options
The Board of Borders and Southern Petroleum Plc (AIM: BOR) announces that it has today (19 October 2009) granted options over ordinary shares in the capital of the Company at an exercise price of £0.575 each to the following directors:
|
Director
|
Number of options
|
|
|
|
|
Howard Obee
|
250,000
|
|
Peter Fleming
|
250,000
|
|
Nigel Hurst-Brown
|
250,000
|
Options granted are not exercisable for a period of three years from date of grant and may then be exercised for a period of seven years thereafter.
Following the grant of the above options, the interests of each of the above in the capital of the Company are as follows:
|
No. of Shares |
% of issued shares |
No. of Options |
|
|
Howard Obee |
10,000,000 |
5.15 |
300,000 |
|
Peter Fleming |
2,200,000 |
1.13 |
300,000 |
|
Nigel Hurst-Brown |
1,330,000 |
0.68 |
250,000 |
19 October 2009
For further information please visit www.bordersandsouthern.com or contact:
|
Howard Obee
|
Simon Hudson
|
|
Borders & Southern Petroleum plc
|
Tavistock Communications
|
|
Tel: 020 7661 9348
|
Tel: 020 7920 3150
|
|
|
|
|
Dominic Morley
|
Guy Wilkes
|
|
Panmure Gordon (UK) Limited
|
Ocean Equities
|
|
Tel: 020 7459 3600
|
Tel: 020 77864370
|
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