28 Jan 2016 07:00
28 January 2016
Faroe Petroleum plc
("Faroe Petroleum" or the "Company")
Director Shareholding
The Ordinary Shares acquired by the Executive Directors as announced on 12 January 2016 have been treated as 'Investment Shares' under the Faroe Petroleum plc Co-Investment Plan, and the Remuneration Committee, which is comprised wholly of non-executive directors, has made an award of conditional Matching Shares to the following directors:
Director | Role | Investment in Ordinary Shares £ | Matching Share price (p) | Matching Shares |
Graham Stewart | Chief Executive | 58,516 | 47.5 | 697,329 |
Helge Hammer | Chief Operating Officer | 38,569 | 47.5 | 458,756 |
Jonathan Cooper | Chief Financial Officer | 39,522 | 47.5 | 470,977 |
Total Holdings
Following these transactions the relevant Directors hold the following Ordinary Shares together with options over the same (including historic Matching Shares) exercisable at various prices up to 127.5 pence, as follows:
Director | No of Ordinary Shares of 10p each | No. of options over ordinary shares of 10p each |
Graham Stewart | 951,553 | 5,583,303 |
Helge Hammer | 499,349 | 3,170,488 |
Jonathan Cooper | 174,127 | 2,383,939 |
- Ends -
For further information please contact:
Faroe Petroleum plc Graham Stewart, CEO
|
Tel: +44 1224 650 920
|
Stifel Nicolaus Europe Limited Callum Stewart /Ashton Clanfield
| Tel: +44 20 7710 7600 |
RBC Capital Markets Matthew Coakes/Daniel Conti/Roland Symonds
| Tel: +44 20 7653 4000 |
FTI Consulting Edward Westropp/Tom Hufton
| Tel: +44 20 3727 1000 |