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13 Jun 2008 16:17
13th June 2008
Meridian Petroleum Plc
("Meridian" or the "Company")
Grant of Options
Meridian Petroleum plc (AIM : MRP) announces that options to purchase ordinary shares of 5p each in the Company have been granted today to Directors and Senior Management as follows:
|
Name |
Position |
Number of Options |
|
Stephen Gutteridge |
Chairman |
1,250,000 |
|
Ed Childers |
Chief Operating Officer |
1,000,000 |
|
Angelo Baskaran |
Finance Director |
750,000 |
|
Ray Shilling |
Group Finance Controller |
300,000 |
|
David Wake-Walker |
Non-Executive Director |
720,000 |
|
Peter Clutterbuck |
Non-Executive Director |
720,000 |
|
Total |
4,740,000 |
The options have been granted under the Company's Unapproved Share Option Plan and have an exercise price of 9.29p per ordinary share, being a 20% premium to the volume weighted average price over the 30 days up to and including 11 June 2008. The options are exercisable at any time up to and including 30 June 2012.
Following the grant of these options, the beneficial interests of the Directors of the Company are as follows:
|
Name |
Shares |
% of issued share capital |
Share Options |
|
Stephen Gutteridge |
250,000 |
0.26 |
2,500,000 |
|
Angelo Baskaran |
135,000 |
0.14 |
1,500,000 |
|
David Wake-Walker |
75,000 |
0.08 |
1,440,000 |
|
Peter Clutterbuck |
1,071,166 |
1.11 |
1,440,000 |
For further information:
Meridian Petroleum Plc
Stephen Gutteridge, Chairman +44 (0)20 7811 0140
Ambrian Partners Limited
Tim Goodman +44 (0)20 7634 4700
Parkgreen Communications
Ana Ribeiro +44 (0)20 7851 7480
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