Grant of SAYE Share Options

RNS Number : 9735F

Alkane Energy PLC

30 April 2014

 



30 April 2014

Alkane Energy plc

("Alkane" or "the Group")

Grant of SAYE Share Options

Alkane Energy plc announces that on 30 April 2014 share options were granted under the Alkane Energy plc Sharesave Scheme.

A total of 313,040 options over ordinary shares of 0.5p each were granted with a contract start date of 1 June 2014 ("Options"). The maturity date of the Options is 1 June 2017, and the option price, which was set in accordance with HMRC rules for approved sharesave plans, is 32.2p. The allocation of Options was made available to all Group employees, and amounted to 0.25% of the Company's issued share capital. The following directors were granted Options:

	Share options and performance shares held prior to the grant	Options granted under the Sharesave Scheme	Share options and performance shares held after to the grant	Share options and performance shares held as % of issued share capital
Neil O'Brien Chief Executive Officer	3,859,152	27,950	3,887,102	3.13%
Steve Goalby Finance Director	1,768,195	27,950	1,796,145	1.45%

Neil O'Brien's current shareholding is 749,000 ordinary shares of 0.5p each, representing approximately 0.60% of the existing issued share capital.

Steve Goalby's current shareholding is 700,717 ordinary shares of 0.5p each, representing approximately 0.56% of the existing issued share capital.

For more information please contact:

Alkane Energy plc Neil O'Brien, Chief Executive Officer Steve Goalby, Finance Director	01623 827927
Liberum Clayton Bush Tim Graham Joshua Hughes	020 3100 2000

 

END

 

 

RDSLLFFESFIIVIS