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16 Sep 2013 14:50
Dublin, 16 September 2013
Petroceltic International plc ("Petroceltic")
Notification of Awards under the Petroceltic International plc Performance Share Plan
Petroceltic announces the following grant of awards ("Awards") in the form of nil-cost options under the Company's Performance Share Plan ("PSP") on 16 September 2013 at a price of 151.7p, being the average of the Company's closing share price for the preceding five business days. The awards are the first awards made under the PSP since it was approved by shareholders at Petroceltic's Annual General Meeting on 30 May 2013.
Name | PSP Awards granted on 16 September 2013 (note 1) |
Brian O'Cathain | 391,688 |
David Thomas | 300,812 |
Thomas Hickey | 218,413 |
Notes
1 The Awards will vest on 16 September 2016, but only to the extent that certain performance criteria based on the Company's relative total shareholder return, and other conditions, are satisfied over three years from the date of grant;
2 No consideration is payable on the grant or vesting of the Awards;
3 The Company has 175,537,405 ordinary shares in issue;
For further information, please contact:
Alasdair Robinson, Company Secretary, Petroceltic Tel: +44 (131) 221 3360
Philip Dennis/Rollo Crichton-Stuart, Pelham Tel: +44 (20) 7861 3919
Joe Murray/Joe Heron, Murray Consultants Tel: +353 (1) 498 0300
John Frain/Roland French, Davy Tel: +353 (1) 679 6363
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