Last checked at 21 Mar 2013 10:21
21 March 2013
San Leon Energy PLC
("San Leon" or "the Company")
Conversion of Aurelian options
San Leon announces that in connection with the recommended merger pursuant to which San Leon acquired Aurelian Oil & Gas plc ("Aurelian"), the Company has completed the process of exchange of the outstanding Aurelian options, which have been cancelled, into new San Leon options which have now been granted as follows:
Aurelian Scheme | No. of new San Leon options | Exercise prices | Vesting dates | Expiry dates | |
USOP | 6,534,602 | €0.05 - £0.473 | 8/12/11 - 1/1/14 | 7/12/13 - 1/1/16 | |
STIP (2010) | 78,282 | €0.05 | 1/1/14 | 31/12/20 | |
LTIP (2011) | 11,414,931 | £0.12 | 16/11/14 | 15/11/18 | |
STIP (2011) | 1,298,354 | €0.05 | 16/11/14 | 15/11/18 | |
LTIP (2012) | 26,011,685 | £0.0727 | 25/1/15 | 24/1/18 | |
STIP (2012) | 5,036,619 | €0.05 | 7/12/15 | 6/12/18 | |
Other options | 1,460,106 | £0.131 - £0.623 | 11/2/14 - 3/10/14 | 15/11/18 |
No new San Leon options were granted to Directors in this process, and the total number of San Leon options outstanding is now 164,849,549 (8.8% of existing issued shares). For reference, Directors' existing option holdings are now as follows:
Director | No. options | Date of grant | Expiry date | Exercise price | Vesting criteria |
Oisin Fanning | 2,500,000 | 5/2/9 | 4/2/16 | £0.11 | |
5,000,000 | 26/7/10 | 25/7/10 | £0.35 | 1 | |
250,000 | 30/12/10 | 29/12/17 | £0.25 | ||
3,500,000 | 14/2/11 | 13/2/18 | £0.35 | 2 | |
250,000 | 15/11/11 | 14/11/18 | £0.11 | ||
2,750,000 | 15/11/11 | 14/11/18 | £0.11 | ||
5,500,000 | 15/11/11 | 14/11/18 | €0.05 | 3 | |
3,500,000 | 21/3/12 | 20/3/19 | £0.13 | ||
5,500,000 | 7/7/12 | 6/7/19 | €0.05 | 4 | |
Paul Sullivan | 2,000,000 | 5/2/9 | 4/2/16 | £0.11 | |
5,000,000 | 26/7/10 | 25/7/10 | £0.35 | 1 | |
250,000 | 30/12/10 | 29/12/17 | £0.25 | ||
2,500,000 | 14/2/11 | 13/2/18 | £0.35 | 2 | |
250,000 | 15/11/11 | 14/11/18 | £0.11 | ||
2,750,000 | 15/11/11 | 14/11/18 | £0.11 | ||
4,000,000 | 15/11/11 | 14/11/18 | €0.05 | 3 | |
3,000,000 | 21/3/12 | 20/3/19 | £0.13 | ||
4,000,000 | 7/7/12 | 6/7/19 | €0.05 | 4 | |
John Buggenhagen | 1,000,000 | Pre-appointment | 4/2/16 | £0.11 | |
1,000,000 | Pre-appointment | 4/2/17 | £0.11 | ||
1,000,000 | Pre-appointment | 4/2/18 | £0.11 | ||
5,000,000 | Pre-appointment | 25/7/17 | £0.17 | ||
250,000 | 30/12/10 | 29/12/17 | £0.25 | ||
2,000,000 | 14/2/11 | 13/2/18 | £0.35 | 2 | |
250,000 | 15/11/11 | 14/11/18 | £0.11 | ||
4,000,000 | 15/11/11 | 14/11/18 | €0.05 | 3 | |
2,500,000 | 21/3/12 | 20/3/19 | £0.13 | ||
4,000,000 | 7/7/12 | 6/7/19 | €0.05 | 4 | |
Raymond King | 1,000,000 | Pre-Admission | 22/9/15 | €0.05 | |
1,000,000 | 5/2/9 | 4/2/16 | £0.11 | ||
250,000 | 30/12/10 | 29/12/17 | £0.25 | ||
250,000 | 15/11/11 | 14/11/18 | £0.11 | ||
1,500,000 | 21/3/12 | 20/3/19 | £0.13 | ||
Daniel Martin | 1,000,000 | Pre-appointment | 25/7/17 | £0.17 | |
250,000 | 30/12/10 | 29/12/17 | £0.25 | ||
250,000 | 15/11/11 | 14/11/18 | £0.11 | ||
Jeremy Boak | 1,000,000 | Pre-appointment | 6/7/15 | £0.11 | |
500,000 | 5/2/9 | 4/2/16 | £0.11 | ||
250,000 | 30/12/10 | 29/12/17 | £0.25 | ||
250,000 | 15/11/11 | 14/11/18 | £0.11 | ||
Con Casey | None |
Vesting criteria:
1. Share price to exceed 100p for 30 days
2. Share price to exceed 120p for 30 days
3. Achieve production target of 500 barrels of oil equivalent/day
4. Achieve production target of greater than 501 barrels of oil equivalent/day
For further information contact:
San Leon Energy Plc | Tel: +353 1291 6292 |
Oisin Fanning, Executive Chairman | |
John Buggenhagen, Exploration Director | |
Westhouse Securities (Nominated Advisor) | Tel: +44 (0) 20 7601 6100 |
Richard Johnson | |
Antonio Bossi | |
Macquarie Capital (Europe) Limited | Tel: +44 (0) 20 3037 2000 |
John Dwyer | |
Fox Davies Capital | Tel: +44 (0) 20 3463 5000 |
Daniel Fox-Davies | |
Richard Hail | |
FirstEnergy Capital LLP | Tel: +44 (0) 20 7448 0200 |
Hugh R. Sanderson | |
David van Erp | |
College Hill Associates | Tel: +44 (0) 20 7457 2020 |
David Simonson | |
Rupert Trefgarne | |
Alexandra Roper
|
www.sanleonenergy.com