3 Sep 2013 07:30
Rose Petroleum plc (the "Company")
Grant of Options
The Company has today granted options over ordinary shares of 0.1p in the Company ("Ordinary Shares") under the Company's share option schemes ("Options"). A total of 70,400,000 Options have been granted to certain directors and senior employees as set out below:
Name of Director / employee | Number of Options granted | Exercise price per Option | Total number of options now held |
Richard Kilmorey, Chairman | 7,500,000 | 1.125p | 8,250,000 |
Matthew Idiens, CEO | 15,800,000 | 1.125p | 21,800,000 |
Kelly Scott, Technical Director | 23,800,000 | 0.475p | 23,800,000 |
Fivos Spathopoulos | 15,800,000 | 0.475p | 15,800,000 |
Matthew Frost | 7,500,000 | 0.475p | 7,500,000 |
Each Option is exercisable into one ordinary share of 0.1p each in the Company and can be exercised as to a third after one year, a third after two years and a third after three years up until 1 September 2023.
The new Options granted today represent approximately 8.88% of the Company's current issued share capital and there are now a total of 96,500,000 options over Ordinary Shares outstanding, representing approximately 12.2% of the Company's current issued share capital.
For further information, please contact:
Rose Petroleum Plc Matthew Idiens, CEO | +44 (0) 20 7225 4595 |
Allenby Capital (Nominated Adviser and Broker) Jeremy Porter/Alex Price
| +44 (0) 20 3328 5656 |
Bankside Consultants Simon Rothschild | +44 (0) 20 7367 8888 |