11 Oct 2017 07:02
LEKOIL LIMITED (LEK) LEKOIL LIMITED: Award of Options 11-Oct-2017 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. 11 October 2017
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 award of options over ordinary shares of par value US$0.00005 each in the capital of the Company ("Ordinary Shares") to the CFO, Lisa Mitchell, under the Company's long term incentive plan.
All options issued under this award are being issued with an exercise price of 17.16p, being the trailing three day average closing price prior to the date of grant. The options have a ten-year exercise term and vest in three years. Lisa Mitchell currently has no holdings of Ordinary Shares in the Company.
The 1,500,000 options granted to the previous CFO, Bruce Burrows, who leaves the Company at the end of October, will expire without vesting.
For further information, please visit www.lekoil.com or contact:
LEKOIL Limited Alfred Castaneda, Investor Relations Hamilton Esi, Corporate Communications +44 20 7920 3150 / +44 20 7920 3150
Strand Hanson Limited (Financial & Nominated Adviser) James Harris / James Spinney / Ritchie Balmer +44 20 7409 3494
Mirabaud Securities Limited (Joint Broker) Peter Krens / Edward Haig-Thomas +44 20 7878 3362 / +44 20 7878 3447
BMO Capital Markets (Joint Broker) Jeremy Low / Neil Haycock / Thomas Rider +44 20 7236 1010
Tavistock (Financial PR) Simon Hudson / Barney Hayward +44 20 7920 3150
-ends- |
| ISIN: | KYG5462G1073 |
| Category Code: | MSCL |
| TIDM: | LEK |
| Sequence No.: | 4726 |
| End of Announcement | EQS News Service |
617655 11-Oct-2017
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.