31 Aug 2018 07:00
31 August 2018
Lekoil Limited
("LEKOIL" or the "Company")
Amendment to Prior Disclosure on Director Options
LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces a correction to the number of existing options it reported as outstanding under the Long Term Incentive Plan for the CEO and CFO, and the Non-Executive Director Share Plan for the Non-Executive Directors, prior to the grant of new options, as announced on 9 August 2018. The number of options granted remains unchanged:
Director | Position | Options granted (as per 9 August announcement) | Existing options (corrected figures) | Total options (corrected figures) |
Olalekan Akinyanmi | Chief Executive Officer | 2,500,000 | 13,723,000 | 16,223,000 |
Lisa Mitchell | Chief Financial Officer | 1,500,000 | 1,500,000 | 3,000,000 |
Samuel Adegboyega | Non-executive Chairman | 100,000 | 1,050,000 | 1,150,000 |
Aisha Oyebode | Non-executive Director | 100,000 | 487,500 | 587,500 |
John Van Der Welle | Non-executive Director | 100,000 | 487,500 | 587,500 |
Hezekiah Adesola Oyinlola | Non-executive Director | 100,000 | 300,000 | 400,000 |
Gregory Eckersley | Non-executive Director | 100,000 | 1,462,500 | 1,562,500 |
Tom Schmitt | Non-executive Director | 100,000 | - | 100,000 |
The awards of options under the Long Term Incentive Plan for members of the senior management team that the Company has designated as persons discharging managerial responsibilities ("PDMRs") as previously announced, remain unchanged, as do all other figures reported in the 9 August 2018 announcement.
For further information, please visit www.lekoil.com or contact:
LEKOIL Limited Alfred Castaneda, Investor Relations Lisa Mitchell, Chief Financial Officer
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+44 20 7920 3150
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Strand Hanson Limited (Financial & Nominated Adviser) James Harris / James Spinney / Ritchie Balmer
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+44 20 7409 3494
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Mirabaud Securities Limited (Joint Broker) Peter Krens / Edward Haig-Thomas
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+44 20 7878 3362 / +44 20 7878 3447 |
BMO Capital Markets (Joint Broker) Jeremy Low / Neil Haycock / Thomas Rider
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+44 20 7236 1010 |
Numis Securities (Joint Broker) John Prior / Ben Stoop
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+44 20 7260 1000 |
Tavistock (Financial PR) Simon Hudson / Barney Hayward / Charles Vivian |
+44 20 7920 3150 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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