Grant of Options

RNS Number : 3087J
Borders & Southern Petroleum plc
29 June 2011
 



29 June 2011

 

Borders & Southern Petroleum plc (AIM: BOR)

 

 

Grant of Share Options

 

The Remuneration Committee of Borders and Southern Petroleum plc ("Borders & Southern" or "the Company") announces that on 28 June 2010 it granted options under the Company's Discretionary Share Option scheme over ordinary shares in the capital of the Company at an exercise price of 51.25 pence each to the following directors: 

 

Director

Number of options

Howard Obee (Chief Executive)

1,000,000

Peter Fleming (Finance Director)

1,000,000

 

Options granted are not exercisable for a period of three years from date of grant and may then be exercised for a period of seven years thereafter. 

 

Following the grant of the above options, the interests of each of the above in the capital of the Company are as follows:

 

Director

No. of Shares

% of issued shares

No. of Options

Howard Obee

10,000,000

2.33

1,300,000

Peter Fleming

2,200,000

0.51

1,300,000

 

The current issued share capital of the Company is 428,578,404

 

 

For further information please visit www.bordersandsouthern.com or contact: 

 

Howard Obee, Chief Executive

Borders & Southern Petroleum plc

Tel: 020 7661 9348

 

Katherine Roe / Callum Stewart

Panmure Gordon (UK) Limited

Tel: 020 7459 3600

 

Simon Hudson / Lydia Eades

Tavistock Communications

Tel: 020 7920 3150

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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