8 Jul 2014 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
TSX-V, LSE-AIM: XEL
8 July 2014
Xcite Energy Limited
("Xcite Energy" or the "Company")
Award of Share Options
The Company announces the award of 150,000 options to purchase ordinary shares in the Company to Mr. Henry G. Wilson, following his appointment to the Board of Directors in May 2014.
The options were granted under the terms of the Company's Stock Option Plan by reference to the closing price on the TSX-V of the Company's ordinary shares on 7 July 2014 and will vest immediately. All options will have an exercise price of £0.68 (CAD$1.25) per ordinary share and carry a term of five years from the date of award. Mr. Wilson now holds a total of 150,000 share options.
ENQUIRIES:
Xcite Energy Limited |
+44 (0) 1483 549 063 | |
Rupert Cole / Andrew Fairclough | ||
Liberum (Joint Broker and Nominated Adviser) | +44 (0) 203 100 2222 | |
Clayton Bush / Tim Graham | ||
Morgan Stanley (Joint Broker) | +44 (0) 207 425 8000 | |
Andrew Foster | ||
Bell Pottinger | +44 (0) 207 861 3232 | |
Mark Antelme / Henry Lerwill | ||
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.