Grant of Options

25 Jul 2007 13:02

Sterling Energy PLC25 July 2007 Sterling Energy PLC ("the Company") Grant of Options On 24 July 2007 the Board of the Company granted 1,000,000 options over ordinaryshares of 1p each ("Ordinary Shares") to Dr Richard Stabbins, the Chairman ofthe Company, at an option price of 14.5p per Ordinary Share. No considerationwas paid for the grant of these options which are exercisable between 24 July2009 and 24 July 2017. In addition to the above options, Dr Stabbins is interested in 4,474,272Ordinary Shares, representing 0.29 per cent. of the issued share capital of theCompany, and holds options over 1,000,000 Ordinary Shares at an option price of19.5p per Ordinary Share. 25 July 2007 This information is provided by RNS The company news service from the London Stock Exchange