21 Jan 2015 13:30
21 January 2015
Faroe Petroleum plc
("Faroe Petroleum" or the "Company")
Director Shareholding
On 20 January 2015, the following Directors of the Company acquired the following ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares"):
Director | Role | Price (p) | Ordinary Shares |
Graham Stewart | Chief Executive | 67.54 | 29,462 |
Helge Hammer | Chief Operating Officer | 67.54 | 29,462 |
The Ordinary Shares acquired by the Executive Directors have been treated as 'Investment Shares' under the Faroe Petroleum plc Co-Investment Plan and an award of conditional Matching Shares has now been made to the following directors based on investments made in the Company's shares as announced on 13 June 2014 and 22 December 2014:
Director | Role | Investment in Ordinary Shares £ | Matching Share price (p) | Matching Shares |
Graham Stewart | Chief Executive | 98,181.56 | 68.50 | 811,306 |
Helge Hammer | Chief Operating Officer | 66,266.54 | 68.50 | 580,436 |
Jonathan Cooper | Chief Financial Officer | 53,012.56 | 68.50 | 438,059 |
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 186.25 pence, as follows:
Director | No of Ordinary Shares of 10p each | No. of options over ordinary shares of 10p each |
Graham Stewart | 835,253 | 4,129,602 |
Helge Hammer | 420,279 | 2,356,028 |
Jonathan Cooper | 98,278 | 1,289,424 |
- Ends -
For further information please contact:
Faroe Petroleum plc Graham Stewart, CEO
|
Tel: +44 1224 650 920
|
Oriel Securities Limited Callum Stewart/ Ashton Clanfield/ Michael Shaw
| Tel: +44 20 7710 7600 |
RBC Capital Markets Matthew Coakes/Jeremy Low
| Tel: +44 20 7653 4000 |
FTI Consulting Edward Westropp/Tom Hufton
| Tel: +44 20 3727 1000 |