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8 Nov 2012 16:41
Petroceltic International plc
Option Grant
Petroceltic International plc ("Petroceltic" or the "Company") announces that it has granted share options to acquire ordinary shares in the Company to the following directors on the 6th November 2012 ("the Award") in accordance with the Company's 2009 share option plan ("the plan"). This Award was approved by the Board of the Company on the 6thth November 2012. The options will vest 33.3% on the first, second and third anniversary of the grant of Award, subject to a vesting criterion of the common shares trading at or above 8.82p /share for a 10 day period.
The key provisions of the plan are summarised on the Company's website (www.petroceltic.ie) under "investor centre/investor information".
Director | Option Amount | Exercise Price |
Brian O'Cathain | 10,400,000 | £0.0678 |
David Thomas | 8,500,000 | £0.0678 |
Tom Hickey | 7,500,000 | £0.0678 |
The previous grant of options under this plan was on the 12 June 2011.
Ends
ContactPeter Dunne, Company Secretary, +353 1 421 8300
8 November 2012
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