16 Nov 2015 08:00
16th November 2015
EGDON RESOURCES PLC
("Egdon" or "the Company")
Grant of Options
Egdon Resources plc (AIM:EDR) announces that as part of its annual incentive review it has granted options to the following Directors.
Director | Number of Options granted | Exercise Price (pence) | Vesting Date | Exercisable Until |
Mark Abbott | 979,381 | 9.7 | 1 August 2016 | 31 December 2026 |
Jerry Field | 824,742 | 9.7 | 1 August 2016 | 31 December 2026 |
Following the grant of the options, which are effective 14th November, 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 | 2,561,535 | 7,563,824 |
Jerry Field | 2,497,617 | 0 |
In addition the Company has granted options to employees on the same basis as Directors. The total number of options granted to Directors and employees of the Company is 4,134,021.
For further information please contact:
Egdon Resources plc
Mark Abbott, Jerry Field 01256 702 292
Buchanan
Richard Darby, Anna Michniewicz 020 7466 5000
Nominated Adviser and Broker - Cantor Fitzgerald Europe
David Porter, Sarah Wharry (Corporate Finance) 020 7894 7000
Richard Redmayne (Corporate Broking)
Joint Broker - VSA Capital Limited
Andrew Monk (Corporate Broking) 020 3005 5000
Andrew Raca (Corporate Finance)
Notes to Editors:
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 thirty six 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 27 years' experience.