20 Jun 2012 12:54
20 June 2012
Solo Oil Plc
("Solo" or "the Company")
Issue of Options
Solo Oil Plc announces that it has issued options over a total of 28 million new ordinary shares of 0.01p each in the Company at an exercise price of 0.5p per share (compared to the latest mid market price on AIM of 0.43 p). These options will vest immediately and will expire on 31 December 2015.
The options represent in aggregate 1.08% of the existing issued share capital and have been issued to the Directors as follows:.
Name | Options issued | Existing options | Ordinary shares | Total | % of issued share capital |
D. Lenigas | 12,500,000 | 77,500,000 | 2,850,000 | 92,850,000 | 3.58% |
N. Ritson | 12,500,000 | 40,000,000 | 21,000,000 | 73,500,000 | 2.87% |
S. Barblett | 3,000,000 | 11,250,000 | 600,000 | 14,850,000 | 0.57% |
For further enquiries:
Solo Oil PLC | |
David Lenigas/Neil Ritson | +44 (0) 20 7440 0640 |
Beaumont Cornish - Nominated Adviser | |
Roland Cornish | +44 (0) 20 7628 3396 |
SOLO.L (SOLO)