6 Jun 2008 07:00
6 June 2008
Lansdowne Oil & Gas plc
("Lansdowne" or "the Company")
Grant of share options to Directors
Lansdowne, the Dublin-based independent exploration company, announces that it has granted a total of 900,000 share options to the executive directors as follows:
Stephen Boldy - Chief Executive 400,000
Emmet Brown - Business Development Director 400,000
Chris Moar - Finance Director 100,000
The options have an exercise price of 31.50p per share and may be exercised in whole or part between 6 June 2011 and 5 June 2018 provided that certain performance targets are met.
Following this grant the total holdings of the directors concerned are as follows:
| Ordinary Shares | % of issued share capital | Options | ||
| Stephen Boldy | Chief Executive | 32,660 | 0.1% | 600,000* |
| Emmet Brown | Business Development Director | 2,951,102 | 9.0% | 400,000 |
| Chris Moar | Finance Director | - | - | 100,000 |
*Included in the total options above for S Boldy are 200,000 options at a price of £0.85 exercisable between 26 June 2009 and 25 June 2016, which were granted on 26 June 2006.
ENQUIRIES:
| Lansdowne Oil & Gas plc | ||
| Chris Moar | Finance Director | 01224 748480 |
| John East & Partners Limited | ||
| David Worlidge | 020 7628 2200 | |
Lansdowne Oil (LOGP)
SEA.L (SEA)