26 Feb 2013 07:00
26 February 2013
EGDON RESOURCES PLC
("Egdon" or "the Company")
Grant of Options to Directors
Egdon Resources plc (AIM:EDR) announces that as part of its annual salary and incentive review it has granted options to the following Directors under the terms of the Company's Enterprise Management Investment Option Scheme.
Director | Number of Options granted | Exercise Price (pence)
| Vesting Date | Exercisable Until |
Mark Abbott | 600,000 | 10 | 1 January 2014 | 31 March 2022 |
Jerry Field | 600,000 | 10 | 1 January 2014 | 31 March 2022 |
Following the grant of the options, which were effective at 1 January 2013, the interests of the Directors in the share capital of the Company are as follows:
Director | Total number of Options held over Ordinary Shares
| Number of Ordinary Shares held |
Mark Abbott | 1,218,429 | 7,563,824 |
Jerry Field | 1,388,600 | 0 |
For further information please contact:
Egdon Resources plc
Mark Abbott 01256 702292
Buchanan
Richard Darby, Gabriella Clinkard 020 7466 5000
Nominated Adviser and Broker - Cantor Fitzgerald Europe
David Porter, Rick Thompson (Corporate Finance) 020 7107 8000
Richard Redmayne (Corporate Broking)
Notes to Editors:
Egdon Resources plc
Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and France.
Egdon currently holds interests in twenty nine licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets. Egdon is an approved operator in both the UK and France.
Egdon was formed in 1997 and listed on AIM in December 2004.
In accordance with the AIM Rules - Note for Mining and Oil and Gas Companies, the information contained in this announcement has been reviewed and signed off by the Managing Director of Egdon Resources plc Mark Abbott, a Geoscientist with over 26 years' experience.