Grant of Options

RNS Number : 8326Q

Gold Oil PLC

26 October 2011

 



GOLD OIL PLC

("Gold Oil" or the "Company")

Grant of Options

Issue of Equity

Director/PDMR  Holding

Total Voting Rights  

Gold Oil, the AIM-listed oil and gas exploration and production company with a primary focus on opportunities in Latin America, announces that it has granted options to subscribe for new shares in the Company.  These options are granted at a strike price of 5.5p and are not exercisable until after the third anniversary of the grant date. 

The options have been granted to the following individuals:

Mr. John Bell                                         10,000,000

Mr. Richard Mew                                  10,000,000

Mr. Thomas Tidow                                  4,000,000

Mr. Ian Reid                                           4,000,000

Mr. John Charlton                                   2,000,000

Mr. Guy Cowan                                      2,000,000

In addition, in recognition of his performance over the last year, and in accordance with the terms of his Service Contract, Mr. Richard Mew has been issued 1,550,000 new ordinary shares in the Company. Following the issue of equity, Mr. Richard Mew has an interest over 2,375,000 ordinary shares in the Company, representing approximately 0.27 per cent of the issued share capital of the Company.

An application will be made to the London Stock Exchange for 1,550,000 ordinary shares to be admitted to trading on AIM and it is expected that admission will occur at 8.00 a.m. on 2 November 2011. Following admission, the Company will have 891,513,025 ordinary shares in issue. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares.

The above figure of 891,513,025 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

For further information on the Company, visit www.goldoilplc.com or contact:

Gold Oil Plc

Richard Mew - CEO                                                                            Tel: [phone]

Seymour Pierce Ltd (Nomad and Joint Broker):

Jonathan Wright / Stewart Dickson (Corporate Finance)                         Tel:  [phone]

Richard Redmayne / Jeremy Stephenson (Corporate Broking) 

FirstEnergy Capital LLP (Joint Broker):                                                                                                                 

Hugh Sanderson / Travis Inlow                                                             Tel: + 44 (0) 20 7448 0200

 

END

 

 

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