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2 Jul 2013 14:13

RNS Number : 4159I
Trinity Exploration & Production
02 July 2013
 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 

 

Trinity Exploration & Production plc

(the "Company" or "Trinity"; AIM:TRIN)

 

 

2 July 2013

 

Trinity, the leading independent E&P company focused on Trinidad and Tobago, announces that on 1 July 2013 the Board approved the grant of Options to Executive Directors under the Long-Term Incentive Plan as follows:

 

RECIPIENT

NUMBER OF ORDINARY SHARES SUBJECT TO THE OPTION

Bruce Dingwall

189,600

Joel Pemberton

237,000

The vesting of the above Options is subject to meeting performance targets relating to reserves growth and the Company's share price performance at the end of the 2015 financial year but will not vest until 1 January 2017. Subject to meeting these conditions, the Options are exercisable at zero cost to the recipient.

 

 

Enquiries

Trinity Exploration & Production

Monty Pemberton, Chief Executive Officer

Robert Gair, Corporate Development Manager

 

Tel: +44 (0)20 7404 5959

 

 

RBC Capital Markets (NOMAD & Joint Broker)

Tim Chapman

Matthew Coakes

Daniel Conti

 

Tel: +44 (0) 20 7653 4000

Jefferies (Joint Broker)

Chris Zeal

Graham Hertrich

 

Tel: +44 (0) 20 7029 8000

Brunswick Group LLP (PR Adviser)

Patrick Handley

Catriona McDermott

 

Tel: +44 (0) 20 7404 5959

 

 

About Trinity

Trinity is the largest independent E&P company focused on Trinidad and Tobago. Trinity operates assets onshore and offshore on both the West and East coasts. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its licences and has 2P reserves of 36 mmbbl and current production of c.3,900 bopd. Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.LN.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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