Empyrean Regulatory News (EME)

27 Feb 2008 14:39

Empyrean Energy PLC27 February 2008 27 February 2008 Empyrean Energy PLC ("Empyrean" or the "Company"; Ticker: (EME)) Grant of Options Empyrean today announces that it has resolved to grant options over 2,450,000 ordinary shares of 0.2p each in the Company to its management. The options will be granted with an exercise price of £0.25 per share. All options will expire 3 years from the date of the grant. It has been resolved that options over 1,000,000 ordinary shares of 0.2p each will be granted to both Mr Thomas Kelly (Executive Director) and Mr Frank Brophy(Technical Director), with 200,000 options to be granted to Dr Patrick Cross (Chairman). An additional 250,000 options will be granted to various employees and consultants of the Company. 50 per cent of all options granted to the aforementioned directors and management will be subject to shareholder approval at the Company's next Annual General Meeting. For further information Jonathan Charles/Charlie Geller Conduit PR Tel: +44 (0) 207 429 6611 Rod Venables HB-Corporate Tel: +44(0) 207 510 8600 Empyrean Energy plc Tel : +44(0) 207 182 1746 This information is provided by RNS The company news service from the London Stock Exchange