5 Oct 2009 07:00
5th October 2009
Amerisur Resources plc
("Amerisur" or "the Company")
Grant of Share Options
Amerisur Resources plc, the oil and gas explorer and developer focused in South America, announces that on 2nd October 2009 the Company's remuneration committee granted the following share options in respect of ordinary shares of 0.1p each in the Company ("Ordinary Shares"):
| Allotment | ||
| Victor Valdovinos | Regional Director | 550,000 |
In accordance with the Company's share option scheme, the remuneration committee has resolved that the exercise price for these options be the average of the mid market price at which the Ordinary Shares were traded on AIM during the five business days prior to grant. This date was the five trading days until 1 October 2009.
The options are to be granted at 5.725p pence per share and have to be exercised, pursuant to the terms of the share option scheme, within five years from the date of being granted.
As a result, Victor Valdovinos has an interest in the Company of 1,000,000 ordinary shares, representing 0.12% of the Company's issued share capital and has options over 2,000,000 ordinary shares at an average exercise price of 7.04 pence per share.
- Ends -
For further information, please contact:
| Billy Clegg/Caroline Stewart, Financial Dynamics | Tel: +44 (0)207 831 3113 |
| Jerry Keen/Lindsay Mair, Astaire Securities Plc | Tel: +44 (0)207 448 4492 |
AMER.L (AMER)