Last checked at 30 Jul 2012 08:43
30 July 2012
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker (EME))
Exercise of Options and Director Share Purchase
Empyrean announces that it has today issued 300,000 new ordinary shares of 0.02p each in the Company ("Ordinary Shares") following the exercise of options by a director of the Company. Application will be made for these Ordinary Shares to be admitted to trading on AIM. The Ordinary Shares will rank pari passu with the existing Ordinary Shares of 0.02p each in the Company.
Mr John Laycock has today exercised options in respect of 300,000 Ordinary Shares at a price of £0.06 per Ordinary Share and as a result, Mr. Laycock now has an interest in 700,000 Ordinary Shares representing approximately 0.33 % of the total voting rights.
Mr John Laycock has stated to the board his intention to be a holder of the Ordinary Shares he has accumulated.
Mr Tom Kelly, CEO of the Company, on 27 July 2012 purchased, on market, 150,000 Ordinary Shares at a price of 7.5p per Ordinary Share.
As a result, Mr. Kelly now has an interest in 20,881,562 Ordinary Shares representing approximately 9.76% of the total voting rights.
Following the transactions, Empyrean's total issued and voting share capital will comprise 213,936,868 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.
Commenting today, Empyrean CEO, Tom Kelly stated - "It is pleasing to see options being exercised well before their expiry date."
Contact:
Empyrean Energy Plc
Tom Kelly Tel: +618 9480 0111
Shore Capital & Corporate Limited
Anita Ghanekar Tel: +44 (0) 20 7408 4090
Edward Mansfield