PPC.L Regulatory News (PPC)

20 Jul 2006 16:44

Meridian Petroleum PLC20 July 2006 MERIDIAN PETROLEUM PLC ("Meridian" or "the Company") Grant of Share Options Meridian, the oil & gas exploration and production company with key assets inthe USA and Australia today announced that it has granted options over ordinaryshares of 5 pence each ("Ordinary Shares") to the following directors and key individuals: Name Title No. of share options Exercise dates Donald Caldwell Non-executive chairman 800,000 20/07/06-20/07/16Peter Clutterbuck Non-executive director 720,000 20/07/06-20/07/16Angelo Baskran Consultant 750,000 20/07/06-20/07/16David Wake-Walker Consultant 720,000 20/07/06-20/07/16 Angelo Baskran is a qualified chartered accountant and will provide the Companywith accounting and tax advice. David Wake-Walker is a former vice chairman ofKleinwort Benson and will provide the Company with general financial andstrategic advice. The grant of options to Angelo Baskran and David Wake-Walkerare conditional on them becoming either employees or directors of the Company. The exercise price of the options is 20.75 pence, being the closing mid-marketprice of Meridian on the day prior to the grant of these options. This information is provided by RNS The company news service from the London Stock Exchange