12 Jan 2016 15:22
12 January 2016
Faroe Petroleum plc
("Faroe Petroleum" or the "Company")
Director Shareholding
On 11 January 2016, the following Directors of the Company acquired ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares") as follows:
Director | Role | Price (p) | Ordinary Shares |
Graham Stewart | Chief Executive | 53.3479 | 109,141 |
Helge Hammer | Chief Operating Officer | 53.3479 | 71,936 |
John Cooper | Chief Financial Officer | 53.3479 | 73,714 |
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 | 4,885,974 |
Helge Hammer* | 499,349 | 2,711,732 |
Jonathan Cooper | 174,127 | 1,912,962 |
* G.Stewart and H.Hammer option holdings reduced by 146,715 and 118,609 respectively since the last announcement on 4 January 2016 following the lapse of matching shares awarded under the Co-investment plan
- 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 |