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Director/PDMR Shareholding

13 Nov 2013 17:33

BANKERS PETROLEUM LIMITED - Director/PDMR Shareholding

BANKERS PETROLEUM LIMITED - Director/PDMR Shareholding

PR Newswire

London, November 13

November 13, 2013 AIM: BNK Bankers Petroleum Ltd. ("Bankers" or the "Company") Director and Executive Officer Shareholding The Company announces that on November 12, 2013 it granted the following stockoptions, all of which are exercisable into common shares of the Company at aprice of Cdn$3.95 per share, to Directors and Executive Officers of theCompany, in accordance with the Company's Employee Stock Option Plan: Name No. of Options Granted Robert Cross 75,000Chairman and Director Eric Brown 50,000Director Jonathon Harris 50,000Director John Zaozirny 50,000Director Abdel F. (Abby) Badwi 50,000Vice Chair Ian McMurtrie 50,000Director Phil Knoll 50,000Director Wesley Clark 50,000Director David French 350,000President and Chief ExecutiveOfficer Douglas C. Urch 315,000Executive Vice President, Financeand Chief Financial Officer Suneel Gupta 315,000Executive Vice President and ChiefOperating Officer Leonidha Cobo 180,000Vice President and GeneralDirector, Bankers PetroleumAlbania Ltd. Mark Hodgson 180,000Vice President, BusinessDevelopment Craig Nardone 180,000Vice President, Exploration andDevelopment Bayne Assmus 180,000Vice President, Production andOperations Robert Carss 180,000Vice President, Health, Safety,Social and Environment Richard Pawluk 35,000Corporate Secretary Bruce Beveridge 45,000Vice President, Engineering The options will expire on November 11, 2018 and are subject to the followingvesting provisions: one-third shall vest and become exercisable immediately;one-third shall vest and become exercisable on each of the first and secondanniversaries of the date of grant. The Company announces that on November 12, 2013 it amended the performanceshare warrants listed below, which were granted to an Executive Officer of theCompany on March 21, 2013, to increase the exercise price from Cdn$2.92 toCdn$3.08 per share. Name No. of Warrants Granted David French, 600,000President and Chief ExecutiveOfficer The share purchase warrants will expire on March 20, 2016 and are subject tothe following vesting provisions: one-third shall vest and become exercisablewhen the shares of the Company are trading at a price of Cdn$4.00 per share andabove; one-third shall vest and become exercisable when the shares of theCompany are trading at a price of Cdn$4.50 per share and above; and one-thirdshall vest and become exercisable when the shares of the Company are trading ata price of Cdn$5.00 per share and above, all of which must meet the targetprice for 20 consecutive business days on the Toronto Stock Exchange. As at November 11, 2013, the Company had 254,880,313 issued and outstandingcommon shares. For further information, contact: Doug Urch Executive Vice President, Finance and Chief Financial Officer Ph: (403) 513-2691 Email: investorrelations@bankerspetroleum.com Website: www.bankerspetroleum.com AIM NOMAD: Canaccord Genuity LimitedHenry Fitzgerald-O'Connor+44 0 207 523 8000 AIM BROKER: FirstEnergy Capital LLPHugh Sanderson / David van Erp+44 0 207 448 0200

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