8 Dec 2016 07:05
8 December 2016
Lekoil Limited
("Lekoil" or the "Company")
Award of Options
Lekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that the Company has made the following awards of options over ordinary shares of par value US$0.00005 each in the capital of the Company to Directors under the Long Term Incentive Plan for the CEO and the Non-Executive Director Share Plan for the Non-Executive Directors, which were approved by shareholders at the Company's AGM held on 8 August 2016:
Director | Position | Options granted | Existing options | Total options |
Olalekan Akinyanmi | Chief Executive Officer | 2,600,000 | 8,623,000 | 11,223,000 |
Samuel Adegboyega | Non-executive Chairman | 100,000 | 850,000 | 950,000 |
Gregory Eckersley | Non-executive Director | 100,000 | 1,262,500 | 1,362,500 |
Aisha Oyebode | Non-executive Director | 100,000 | 287,500 | 387,500 |
John Van Der Welle | Non-executive Director | 100,000 | 287,500 | 387,500 |
H. Adesola Oyinlola | Non-executive Director | 100,000 | 100,000 | 200,000 |
All options issued under this award are being issued with an exercise price of 21.13p.
The Directors currently have the following interests in ordinary shares in addition to the options set out above:
Director | Position | Number of shares | % of issued share capital |
Olalekan Akinyanmi | Chief Executive Officer | 41,868,293 | 8.6% |
Samuel Adegboyega | Non-executive Chairman | 1,160,000 | 0.2% |
Gregory Eckersley | Non-executive Director | 2,903,050 | 0.5% |
Aisha Oyebode | Non-executive Director | 256,250 | 0.1% |
John Van Der Welle | Non-executive Director | - | -% |
H. Adesola Oyinlola | Non-executive Director | 632,431 | 0.1% |
For further information, please visit www.lekoil.com or contact:
LEKOIL Limited Alfred Castaneda, Investor Relations Hamilton Esi, Corporate Communications
|
+44 20 3434 5800 +44 20 7920 3150 |
Strand Hanson Limited (Financial & Nominated Adviser) James Harris / James Spinney / Ritchie Balmer
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+44 20 7409 3494
|
Mirabaud Securities LLP (Joint Broker) Peter Krens / Edward Haig-Thomas
|
+44 20 7878 3362 / +44 20 7878 3447 |
BMO Capital Markets (Joint Broker) Vicary Gibbs / Neil Haycock / Thomas Rider
|
+44 20 7236 1010 |
Tavistock (Financial PR) Simon Hudson / Barney Hayward / Merlin Marr-Johnson |
+44 20 7920 3150 |
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