17 Dec 2013 07:00
17 December 2013
Petrel Resources Ltd
("Petrel" or the "Company")
Exercise of Options
Petrel Resources (AIM: PET) announces that it has issued an aggregate of 4,070,000 new shares of €0.0125 each in the Company ("New Shares") following the exercise of options by two of its directors Mr John Teeling and Mr David Horgan and by Company Secretary James Finn.
The options exercise and corresponding issue of New Shares has led to the following changes to directors and secretary interests:
Name | Number of options exercised | Exercise price | Total shareholding following the issue of the New Shares | Percentage of the Company's issued ordinary share capital |
Remaining options Exercisable at 43p |
John Teeling | 1,700,000 100,000 | 2.5p 5p |
5,415,000 |
5.43% | 100,000 |
David Horgan | 1,400,000 100,000 | 2.5p 5p |
4,215,384 |
4.23% | 150,000 |
James Finn | 670,000 100,000 | 2.5p 5p |
1,785,385 |
1.79% | 100,000 |
Application to AIM and Total Voting Rights
Application will be made for the New Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place at 8.00 a.m. on 23 December 2013.
Following Admission, the Company's issued share capital will be 99,681,992 ordinary shares of €0.0125 each, with each ordinary share carrying the right to one vote. There are no shares held in treasury.
The above figure of 99,681,992 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.
ENDS
Enquiries:
Petrel Resources Plc | |
David Horgan, Managing Director | +353 (0)87 292 3500 |
John Teeling, Executive Chairman | +353 (0)1 833 2833 |
Northland Capital Partners Limited | |
John Howes / Alice Lane Edward Hutton / Gavin Burnell | +44 (0)20 7796 8800 |
Blythe Weigh Communications | +44 (0) 207 138 3204 |
Tim Blythe | +44 (0) 7816 924 626 |
Halimah Hussain | +44 (0) 7725 978 141 |
Camilla Horsfall | +44 (0) 7817 841 793 |
Pembroke Communications | |
Natalie Tennyson | +353 1 649 6486 |
Alan Tyrrell | +353 1 649 6486 |
www.petrelresources.com
Petrel Resources (PET)