6 Jan 2016 07:00
BANKERS PETROLEUM LIMITED - Q4 Employee Stock Savings Plan Quarterly UpdateBANKERS PETROLEUM LIMITED - Q4 Employee Stock Savings Plan Quarterly Update
PR Newswire
London, January 5
January 5, 2016
AIM: BNKBankers Petroleum Ltd. (“Bankers Petroleum” or the “Company”)Employee Stock Savings Plan Quarterly Update
Further to the Company's announcement of January 16, 2013 regarding the implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum announces that during the quarter ending December 31, 2015, the following purchases were made by senior employees:
| Name | Date of Purchase | Number of Common Shares Purchased | Employer’s Contribution(1) | Purchase Price ($Cdn.) | Employer’s Contribution Vested(2) | Resulting Number of Common Shares held as at 31 December 2015 | Resulting Holding as at 31 December 2015 as % total voting rights | |||||||
| David French, President and Chief Executive Officer | October 15 | 1,005 | 1,005 | 2.36 | 548 | 218,200 | 0.1% | |||||||
| October 31 | 1,109 | 1,109 | 2.13 | 537 | ||||||||||
| November 15 | 1,155 | 1,155 | 2.05 | 511 | ||||||||||
| November 30 | 1,563 | 1,563 | 1.51 | 657 | ||||||||||
| December 15 | 2,492 | 2,492 | 0.95 | 847 | ||||||||||
| December 31 | 2,331 | 2,331 | 1.02 | 726 | ||||||||||
| Douglas C. Urch - Executive Vice President, Finance and Chief Financial Officer | October 15 | 663 | 663 | 2.36 | 361 | 1,060,317 | 0.4% | |||||||
| October 31 | 732 | 732 | 2.13 | 355 | ||||||||||
| November 15 | 763 | 763 | 2.05 | 338 | ||||||||||
| November 30 | 1,032 | 1,032 | 1.51 | 433 | ||||||||||
| December 15 | 1,646 | 1,646 | 0.95 | 560 | ||||||||||
| December 31 | 1,539 | 1,539 | 1.02 | 480 | ||||||||||
| Suneel Gupta - Executive Vice President and Chief Operating Officer | October 15 | 663 | 663 | 2.36 | 361 | 484,510 | 0.2% | |||||||
| October 31 | 732 | 732 | 2.13 | 355 | ||||||||||
| November 15 | 763 | 763 | 2.05 | 338 | ||||||||||
| November 30 | 1,032 | 1,032 | 1.51 | 433 | ||||||||||
| December 15 | 1,646 | 1,646 | 0.95 | 560 | ||||||||||
| December 31 | 1,539 | 1,539 | 1.02 | 480 | ||||||||||
(1) These shares are the matching shares purchased by the Company, which shall vest to the shareholder twelve months from the date of purchase, provided the shareholder is still an employee of the Company.
(2) These shares are the matching shares purchased by the 2.Company twelve months ago and are now vested to the shareholder.
As previously announced, under the ESSP, employees may use up to 10% of their salary (matched equally by the Company) to purchase Bankers Petroleum shares on the Toronto Stock Exchange, on each pay period (mid-month and month-end). David French, Douglas Urch and Suneel Gupta elected to participate in the plan, with a participation level of 10% of each of their respective salaries.
It is expected that the next quarterly announcement in respect of purchases under the ESSP will be made on or around April 4, 2016.
For further information, contact:Doug UrchExecutive VP, Finance and Chief Financial OfficerPh: (403) 513-2691Email: investorrelations@bankerspetroleum.comWebsite: http://www.bankerspetroleum.com/
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