30 Nov 2012 09:35
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PetroNeft Resources plc (the "Company")
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Issue of Options
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On 29 November 2012, options over ordinary shares of nominal value €0.01 ('Options') were awarded to directors of the Company in accordance with the Company's share option scheme. The exercise price of these options is 6.5p per share. The options will vest 33.3% on the first, second and third anniversary of the grant of Award, subject to a vesting criterion of the common shares trading at or above 8.5p for a 10 day period. The earliest any of the options can vest is 29 November 2013.
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Director | Number of Options issued | Total number of Options held | ||
David Golder | 130,000 | 865,000 | ||
Dennis Francis | 475,000 | 2,345,000 | ||
Paul Dowling | 406,250 | 1,541,250 | ||
David Sanders | 406,250 | 1,246,250 | ||
Gerard Fagan | 110,000 | 260,000 | ||
Thomas Hickey | 110,000 | 553,000 | ||
Vakha Sobraliev | 110,000 | 765,000 | ||
Total | 1,747,500 | 7,575,500 | ||
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For further information please contact:
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Paul Dowling, CFO, PetroNeft Resources plc | +353 1 647 0280 |
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker) | +353 1 679 6363 |
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