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1 Jun 2012 07:00
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Lansdowne Oil & Gas plc
("Lansdowne" or the "Company")
Grant of share options
1 June 2012
Lansdowne announces that it has granted a total of 1,090,000 share options to directors as follows under the Company's unapproved share option plan (the "Plan"):
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SAR Boldy | Chief Executive | 600,000 |
E Brown | Business Development Director | 240,000 |
CG Moar | Finance Director | 50,000 |
J Greenall | Chairman | 50,000 |
SG Lampe | Non Executive Director | 50,000 |
Viscount Torrington | Non Executive Director | 50,000 |
SR Bertram | Non Executive Director | 50,000 |
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The options have an exercise price of 36.5 p per share, being the closing mid-market price on 31 May 2012, and may be exercised in whole or part between 1 June 2015 and 31 May 2022 provided that certain performance targets are met. These option grants (other than those granted to SAR Boldy and E Brown) are granted subject to requisite authority being approved by shareholders at the Company's forthcoming Annual General Meeting convened for 26 June 2012.
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Following these option grants, the total holdings of the directors concerned are as follows:
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Ordinary Shares | % of Issued Share Capital | ย Options | ||
SAR Boldy | 52,660 | 0.04 | 1,600,000 | |
E Brown | 3,743,768 | 3.06 | 640,000 | |
CG Moar | - | - | 300,000 | |
J Greenall | 85,380 | 0.07 | 150,000 | |
SG Lampe* | 36,401,552 | 29.75 | 50,000 | |
Viscount Torrington | 105,580 | 0.09 | 150,000 | |
SR Bertram | 141,314 | 0.12 | 150,000 |
*SG Lampe has a non-beneficial interest in shares held by LC Capital Master Fund Limited and Lampe Conway and Co. LLC. S Lampe is managing member of Lampe Conway & Co. LLC, the investment manager of LC Capital Master Fund Limited.
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For further information contact:
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Lansdowne Oil & Gas plc +44 1224 748480
Chris Moar - Finance Director
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finnCap +44 207 220 0567
Sarah Wharry - Corporate Finance
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www.lansdowneoilandgas.com
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