Award of Options

RNS Number : 5982S

Roxi Petroleum Plc

25 September 2014

 



Roxi Petroleum plc

("Roxi" or "the Company")

Award of options

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, and its Remuneration Committee are pleased to announce that on 25 September 2014, 12,200,000 new options were granted exercisable at 20p, a 17.6% premium to the closing mid market price on 24 September 2014. This is the first award of options since 2011.

The recipients include Directors of the Company as follows:

Clive Carver	3,000,000
Kuat Oraziman	3,000,000
Kairat Satylganov	3,000,000
Edmund Limerick	750,000

The options are issued subject to the rules of the 2008 Share Option Scheme. They are not exercisable, unless otherwise provided for in the rules of the scheme, for three years. The options will be capable of exercise for a period of 10 years from their grant.

Following the grant of these new options there will be 54,662,306 options in issue.  The total number of shares in issue is 843,589,452

The options granted to Directors, including in previous awards, are summarised below.

Exercise price	4p	12p	13p	20p	38p	65p
Clive Carver	2,400,000	538,264	750,000	3,000,000	1,345,660	1,603,077
Kuat Oraziman	4,200,000	269,132	3,090,000	3,000,000	672,830	801,538
Kairat Satylganov	0	0	0	3,000,000	0	0
Edmund Limerick	1,200,000	200,000	750,000	750,000	0	0
Huyn sik Jang	4,200,000	750,000	3,090,000	0	0	0

Enquiries

RoxiPetroleum PLC                                                                                                        

Clive Carver, Chairman                                                                      [phone]

WH Ireland plc                 

James Joyce / James Bavister                                                           [phone]

 

END

 

 

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