Last checked at 2 Jul 2013 14:13
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.