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23 Dec 2009 08:49
23 December 2009
STERLING ENERGY PLC
("Sterling" or the "Company")
Directors' Shareholdings
Sterling (AIM: SEY), the independent oil and gas exploration and production company with interests in the Middle East and Africa, today confirms that the Directors listed below have the following interests in ordinary shares of 40 pence each in the Company ("Ordinary Shares") pursuant to the Firm Placing, Open Offer and Consolidation.
|
Director |
Number of Ordinary Shares |
Percentage of issued share capital |
|
Alastair Beardsall |
500,000 |
0.23% |
|
Jonathan Cooper |
58,012 |
0.03% |
|
Andrew Grosse |
696,211 |
0.32% |
|
Richard Stabbins |
289,491 |
0.13% |
|
Keith Henry |
500,000 |
0.23% |
|
Nicholas Clayton |
125,000 |
0.06% |
|
TOTAL |
2,168,714 |
0.99% |
In addition, pursuant to the implementation of the All Staff LTIP and NED LTIP Awards for 2009, the Directors listed below have the following options over Ordinary Shares in the Company.
|
Director |
Ordinary Shares under option pursuant to the All Staff & NED LTIP granted 23 December 2009 |
Total number of Ordinary Shares under option |
|
Alastair Beardsall |
1,125,000 |
1,125,000 |
|
Andrew Grosse |
475,000 |
705,950 |
|
Jonathan Cooper |
400,000 |
505,000 |
|
Keith Henry |
125,000 |
125,000 |
|
Richard Stabbins |
125,000 |
125,000 |
|
Nicholas Clayton |
125,000 |
125,000 |
|
Staff |
1,143,088 |
2,317,144 |
|
TOTAL |
3,518,088 |
5,028,094 |
Directors and management of Sterling Energy PLC hold a total of 2,374,415 Ordinary Shares, 1.08% of the issued share capital.
Further details of the Directors' participation in the Firm Placing, Open Offer and the Company's long term incentive plans are set out in the prospectus published by Sterling and sent to shareholders on 4 December 2009 which is available on the Company's website, www.sterlingenergyuk.com.
|
Further information: |
|
|
Sterling Energy plc |
+44 (0)20 7405 4133 |
|
Alastair Beardsall, Executive Chairman Jonathan Cooper, Finance Director |
|
|
Evolution Securities |
+44 (0)20 7071 4300 |
|
Rob Collins Chris Sim Neil Elliot |
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