Share Options

30 Aug 2007 07:00

Island Oil and Gas PLC30 August 2007 30 August 2007 Island Oil & Gas plc Grant of Share options Island Oil & Gas plc ("Island" or the "Company") (LSE:IOG) announces that1,150,000 Share Options (the "Options") have been granted by the Company at anexercise price of £0.415 pence per share. The Options may be exercised in wholeor in part at any time up to 18 May 2014 The number of Options granted are as follows: Paul Griffiths - Executive 250,000 *Philip Beck - Executive 100,000 Bryan Benitz - Non-Executive 300,000 Carl Kindinger - Non-Executive 250,000 Karl Prenderville - Executive 250,000 As a result of the Options granted, the total number of Options over ordinaryshares held by Directors is 2,050,000 and divided between Directors as follows: Paul Griffiths - Executive 1,000,000 Bryan Benitz - Non-Executive 550,000 Carl Kindinger - Non-Executive 250,000 Karl Prenderville - Executive Director 250,000 * Philip Beck's Options were granted while he was still a Director of theCompany. Philip left Island with effect from 23 August 2007. His Options willexpire on 24 August 2008. Enquiries: Lisa J Newman MCIPR MIRSNewman Consulting Tel: +44(0)1252 878682 This information is provided by RNS The company news service from the London Stock Exchange