30 Jun 2015 17:15
30 June 2015
NIGHTHAWK ENERGY PLC
("Nighthawk" or "the Company")
Extension of Share Options
Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces that it has extended the life of 6.8 million share options to subscribe for ordinary shares of 0.25p each in the Company ("Shares") previously issued to certain directors, senior management and employees in accordance with the Company's Share Option Scheme in July 2013 with a life of 2 years. The options have already vested in accordance with their original terms and were due to expire on July 19th, 2015. The expiration date has been extended by 2 years to July 19th, 2017.
Of the 6.8 million extended share options, 2.2 million are held by directors as follows:
Number of | Shareholding in Company | ||||
Director | Share Options at 6.24 pence | Share Options at 7.25 pence | Total Share options following this extension | Number of Ordinary Shares | % of issued share capital |
Chuck Wilson | 900,000 | - | 6,900,000 | 725,000 | 0.1% |
Richard Swindells | 600,000 | 700,000 | 10,000,000 | 876,803 | 0.1% |
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Enquiries:
Nighthawk Energy plc |
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Rick McCullough, Chairman | +1 303 407 9600 |
Richard Swindells, Chief Financial Officer | +44 (0) 20 3582 1350 |
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Westhouse Securities Limited | +44 (0) 20 7601 6100 |
Alastair Stratton |
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Robert Finlay |
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Canaccord Genuity | +44 (0) 20 7523 8000 |
Manuel Santiago |
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Henry Fitzgerald-O'Connor |
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FTI Consulting | +44 (0) 20 3727 1000 |
Ben Brewerton | ben.brewerton@fticonsulting.com |
Ed Westropp | edward.westropp@fticonsulting.com |