29 Jun 2017 07:23
29 June 2017
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Lekoil Limited
("LEKOIL" or the "Company")
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Award of Options
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LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that the Company has made the following awards of options over ordinary shares of par value US$0.00005 each in the capital of the Company to Directors under the Long Term Incentive Plan for the CEO and CFO and the Non-Executive Director Share Plan for the Non-Executive Directors, which were approved by shareholders at the Company's AGM held on 8 August 2016:
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Director | Position | Options granted | Existing options | Total options |
Olalekan Akinyanmi | Chief Executive Officer | 2,500,000 | 11,223,000 | 13,723,000 |
Bruce Burrows | Chief Financial Officer | 1,500,000 | - | 1,500,000 |
Samuel Adegboyega | Non-executive Chairman | 100,000 | 950,000 | 1,050,000 |
Aisha Oyebode | Non-executive Director | 100,000 | 387,500 | 487,500 |
John Van Der Welle | Non-executive Director | 100,000 | 387,500 | 487,500 |
H. Adesola Oyinlola | Non-executive Director | 100,000 | 200,000 | 300,000 |
Gregory Eckersley | Non-executive Director | 100,000 | 1,362,500 | 1,462,500 |
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All options issued under these awards are being issued with an exercise price of 15.92p, being the .
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The Directors currently have the following interests in ordinary shares in addition to the options set out above:
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Director | Position | Number of shares | % of issued share capital |
Olalekan Akinyanmi | Chief Executive Officer | 39,332,551 | 7.3 |
Bruce Burrows | Chief Financial Officer | - | - |
Samuel Adegboyega | Non-executive Chairman | 1,160,000 | 0.2 |
Aisha Oyebode | Non-executive Director | 256,250 | 0.1 |
John Van Der Welle | Non-executive Director | - | - |
H. Adesola Oyinlola | Non-executive Director | 632,431 | 0.1 |
Gregory Eckersley | Non-executive Director | 2,953,050 | 0.5 |
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For further information, please visit www.lekoil.com or contact:
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LEKOIL Limited
Alfred Castaneda, Investor Relations
Hamilton Esi, Corporate Communications
+44 20 3434 5800 / +44 20 7920 3150
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Strand Hanson Limited (Financial & Nominated Adviser)
James Harris / James Spinney / Ritchie Balmer
+44 20 7409 3494
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Mirabaud Securities LLP (Joint Broker)
Peter Krens / Edward Haig-Thomas
+44 20 7878 3362 / +44 20 7878 3447
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BMO Capital Markets (Joint Broker)
Jeremy Low / Neil Haycock / Thomas Rider
+44 20 7236 1010
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Tavistock (Financial PR)
Simon Hudson / Barney Hayward
+44 20 7920 3150
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-ends-
LEK.L (LEK)