SEY.L Regulatory News (SEY)

3 Jul 2006 17:35

Sterling Energy PLC03 July 2006 Sterling Energy PLC ("the Company") Grant of Options On 30 June 2006 the Board of the Company granted options over ordinary shares of1p each ("Ordinary Shares") to the following directors of the Company, at anoption price of 24p per Ordinary Share: Director Number of No. of Ordinary No of issued Options Shares over Ordinary Shares Granted which options already owned held following or in which this there is an notification interest Richard O'Toole 250,000 7,000,000 22,543,818 Harry Wilson 1,500,000 11,150,000 27,970,092 Graeme Thomson 1,000,000 8,950,000 16,049,558 Paul Griggs 1,000,000 3,000,000 150,000 Andy Grosse 1,500,000 5,000,000 5,500,473 Christopher Callaway 200,000 1,200,000 100,000 Peter Wilde 200,000 2,200,000 620,000 No consideration was paid for the grant of these options. The period during which these most recently granted options are exercisable is30 June 2008 to 29 June 2016. A further 5,955,000 options were also issued to staff on the same conditions. The total issued share options outstanding is now over 78,175,000 shares, being5.58% of the current issued share capital. Of these options outstanding,8,900,000 (0.64%) are held by former directors of the Company, with 69,275,000(4.94%) being the total held by current staff and directors. The directors also own or have an interest in 5.2% of the current issued sharecapital of the Company as set out above. 3 July 2006 This information is provided by RNS The company news service from the London Stock Exchange