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Exercise of Options

9 Nov 2010 15:13

RNS Number : 8948V
Petroneft Resources PLC
09 November 2010
Β 

PetroNeft Resources plc

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("PetroNeft" or the "Company")

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Exercise of Options

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PetroNeftΒ received notification today that on 9 November 2010,Β pursuant to a court order,Β David Sanders, Executive Director and General Counsel of PetroNeft,Β exercised options over 880,000 ordinary shares of nominal value €0.01 each ("Ordinary Shares") of the Company, at an exercise price of €0.295 each and sold such Ordinary Shares at 56.5p.

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For further information, contact:

Β 

Paul Dowling, CFO, PetroNeft Resources plc

+353 1 443 3720

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- End -

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