Star Energy Regulatory News (STAR)

24 Dec 2007 12:29

Star Energy Group PLC24 December 2007 STAR ENERGY GROUP PLC ("Star Energy") EXERCISE AND VESTING OF SHARE OPTIONS AND AWARDS Following the acquisition by Petronas International Corporation Limited ("PICL")of more than 50 per cent. of the ordinary shares of 10 pence each in Star Energy("Shares"), the following Star Energy directors notified Star Energy that theyhad on 21 December 2007 received shares under various of the Star Energyemployee share schemes as follows: Approved Share Option Plan Performance Share Plan Number of Exercise Number of Exercise Shares Price (p) Shares Price Roland Wessel 10,000 185 290,042 NILMelvyn Horgan 10,000 185 166,167 NILColin Judd 10,000 185 138,126 NILRoger Pearson 5,000 185 129,987 NIL Each of the directors above has undertaken to assent Shares received under thePerformance Share Plan to the recommended increased cash offer by PICL for theentire issued and to be issued share capital of Star not already held by PICL at380 pence per Share, which was announced on 19 December 2007. Including Shares issued to other employees, a total of 713,333 Shares wereissued under the Approved Share Option Plan and, 930,707 Shares under thePerformance Share Plan on 21 December 2007, making a total of 1,644,040 Shares. This information is provided by RNS The company news service from the London Stock Exchange