Last checked at 25 Jan 2012 17:16
AIM: NTOG
25 January 2012
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Grant of Share Options and Directors' Dealings
Nostra Terra, the AIM-quoted oil and gas producer with projects in the USA, announces that the Board has today granted options ("Options") to directors over 38,000,000 new ordinary shares of 0.1p each ("Ordinary Shares"), representing 1.95 per cent of the current issued share capital, under the authority granted at the Company's AGM on 30 June 2011.
The Options are eligible for exercise until 25 January 2017. The exercise price per share for all Options granted is 0.41p, the closing middle market price of the shares as at 24 January 2012.
The 38,000,000 options have been granted to the directors as follows:
Director | No. of Ordinary Shares Subject to Option |
Matthew Lofgran | 14,000,000 |
Alden McCall | 14,000,000 |
Sir Adrian Blennerhassett | 4,000,000 |
Stephen Oakes | 6,000,000 |
The Company has also been informed that Mr Alden McCall, Chief Operating Officer, has made a purchase of 800,000 Ordinary Shares at a price of 0.41 pence per share. Further, Sir Adrian Blennerhassett, Chairman, has informed that Company that he has purchased 700,200 Ordinary Shares at 0.414 pence per share.
Following the purchases, Mr. McCall and Sir Adrian are now interested in 800,000 and 7,280,200 Ordinary Shares respectively, representing approximately 0.04 per cent. and 0.37 per cent. of the Company's issued ordinary share capital.
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas Company plc
Matt Lofgran, CEO
mlofgran@ntog.co.uk Telephone: +1 480 993 8933
Shore Capital & Corporate Limited (Nominated Adviser)
Bidhi Bhoma / Toby Gibbs Telephone: +44 (0)20 7408 4090
Alexander David Securities Ltd
David Scott / Bill Sharp Telephone: +44 (0)20 7448 9820
Lothbury Financial Services Limited
Gary Middleton / Michael Padley Telephone: +44 (0)20 7868 2010