30 Sep 2011 07:00
๏ปฟ
PRESIDENT PETROLEUM COMPANY PLC
("President" or "the Company")
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30 September, 2011
Issue of Share Options
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President Petroleum (AIM: PPC), the oil and gas exploration and production company announces the granting of a total of 600,000 share options at an exercise price of ยฃ0.33875 ("Options") to Ben Wilkinson, Finance Director. In addition to the Options, Ben holds 40,000 ordinary shares representing 0.03% of the issued share capital of the Company.
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In accordance with best practice, the vesting conditions of the Options include challenging share price performance targets and a vesting period from the date of grant to 31 July 2014.
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Ends
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For further information contact:
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President Petroleum Company | ย |
John Hamilton, Interim Chairman | +44 (0) 207 811 0140 |
Ben Wilkinson, Finance Director | +44 (0) 207 811 0140 |
Evolution Securities | ย |
Tim Redfern, Neil Elliot, Adam James | +44 (0) 207 071 4300 |
Pelham Bell Pottinger | +44 (0) 207 861 3232 |
James Henderson, Mark Antelme, Jenny Renton | ย |
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President Petroleum (AIM: PPC), is an oil and gas exploration and production company with onshore producing and exploration assets in Argentina and Louisiana, USA and onshore exploration licences in South Australia.ย
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