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  2. Share Prices
  3. Petrel Resources Share Price
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  5. Exercise of Options

Pin to quick picksPetrel Resources Regulatory News (PET)

Petrel Resources Information

Share Price Information for Petrel Resources (PET)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 2.65
Bid: 2.40
Ask: 2.90
Change: 0.60 (29.27%)
Spread: 0.50 (20.833%)
Open: 2.05
High: 2.65
Low: 2.05
Prev. Close: 2.05
PET Live PriceLast checked at -

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Exercise of Options

17 Dec 2013 07:00

RNS Number : 6852V
Petrel Resources PLC
17 December 2013
 



 

 

 

 

 

 

 

17 December 2013

 

 

Petrel Resources Ltd

("Petrel" or the "Company")

 

Exercise of Options

 

Petrel Resources (AIM: PET) announces that it has issued an aggregate of 4,070,000 new shares of €0.0125 each in the Company ("New Shares") following the exercise of options by two of its directors Mr John Teeling and Mr David Horgan and by Company Secretary James Finn.

 

The options exercise and corresponding issue of New Shares has led to the following changes to directors and secretary interests:

 

 

Name

Number of options exercised

Exercise price

Total shareholding following the issue of the New Shares

Percentage of the Company's issued ordinary share capital

 

 

 

 

 

 

Remaining options Exercisable at 43p

John Teeling

1,700,000

100,000

2.5p

5p

 

5,415,000

 

5.43%

100,000

David Horgan

1,400,000

100,000

2.5p

5p

 

4,215,384

 

4.23%

150,000

James Finn

670,000

100,000

2.5p

5p

 

1,785,385

 

1.79%

100,000

 

 

Application to AIM and Total Voting Rights

 

Application will be made for the New Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place at 8.00 a.m. on 23 December 2013.

 

Following Admission, the Company's issued share capital will be 99,681,992 ordinary shares of €0.0125 each, with each ordinary share carrying the right to one vote. There are no shares held in treasury.

 

The above figure of 99,681,992 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

 

 

 

ENDS

 

Enquiries:

 

Petrel Resources Plc

David Horgan, Managing Director

+353 (0)87 292 3500

John Teeling, Executive Chairman

+353 (0)1 833 2833

Northland Capital Partners Limited

John Howes / Alice Lane

Edward Hutton / Gavin Burnell

+44 (0)20 7796 8800

Blythe Weigh Communications

+44 (0) 207 138 3204

Tim Blythe

+44 (0) 7816 924 626

Halimah Hussain

+44 (0) 7725 978 141

Camilla Horsfall

+44 (0) 7817 841 793

Pembroke Communications

Natalie Tennyson

+353 1 649 6486

Alan Tyrrell

+353 1 649 6486

 

www.petrelresources.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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