Grant of Options

11 Jul 2007 16:28

Xtract Energy plc11 July 2007 11 July 2007 AIM: XTR XTRACT ENERGY PLC ("Xtract" or the "Company") Grant of Options The Board of Xtract announces the grant of options to its Directors, on 9 July2007, to purchase an aggregate of 5,500,000 ordinary shares in the Company asfollows: Option series: (i) (ii) (iii) Andrew Morrison 1,000,000 1,000,000 1,000,000John Conlon 1,000,000 - -John Newton 500,000 - -Rob Annells 500,000 - -Susan Wickerson 500,000 - - (i) Exercise price of £0.08 per share. These options are exercisable for a three year term and expire on 8 July 2010 ; (ii) Exercise price of £0.10 per share. These options are exercisable for a three year term from 9 July 2008 and expire on 8 July 2011 ; and (iii)Exercise price of £0.12 per share. These options are exercisable for a three year term from 9 July 2009 and expire on 8 July 2012. For all enquiries in relation to Xtract please contact: Xtract Energy plc Andy Morrison, CEO +44 (0) 20 7409 0890 Smith & Williamson Corporate Finance LimitedAzhic Basirov/ David Jones +44 (0) 20 7131 4000 This information is provided by RNS The company news service from the London Stock Exchange