23 Jul 2013 15:27
23 July 2013
Faroe Petroleum plc
("Faroe Petroleum" or the "Company")
Notification of Director's interests
Graham Stewart (Chief Executive), Helge Hammer (Chief Operating Officer), Jonathan Cooper (Chief Financial Officer), Andrew Roberts (Group Exploration Manager) and Julian Riddick (Company Secretary), have notified the Company that they have today bought a total of 41,434 ordinary shares of 10p each in the Company ('Shares') as shown in the table below:
Director | Date of Trade | Shares Bought | Share Price | Total shareholding |
(no.) | (£) | (no.) | ||
Graham Stewart | 23.07.13 | 8,723 | 1.135 | 312,351 |
Helge Hammer | 23.07.13 | 8,723 | 1.135 | 213,606 |
Jonathan Cooper | 23.07.13 | 8,723 | 1.135 | 8,723 |
Andrew Roberts | 23.07.13 | 8,723 | 1.135 | 115,180 |
Julian Riddick | 23.07.13 | 6,542 | 1.135 | 83,246 |
These shares acquired by the Directors will qualify as 'Investment Shares' under the Faroe Petroleum Co-Investment Plan upon which an award of Matching Shares will be made by the Remuneration Committee and announced in due course
Following these acquisitions the directors have a combined shareholding of 757,186 Shares representing 0.36% of the total issued share capital of the Company
- Ends -
For further information please contact:
Faroe Petroleum plc Graham Stewart, CEO
|
Tel: +44 1224 650 920
|
Panmure Gordon (UK) Limited Callum Stewart/Adam James
| Tel: +44 20 7886 2500
|
Oriel Securities Limited Michael Shaw/Ashton Clanfield
| Tel: +44 20 7710 7600 |
FTI Consulting Edward Westropp/ Georgia Mann
| Tel: +44 20 7831 3113 |