Grant of Options and Director

RNS Number : 3805Z

Roxi Petroleum Plc

13 January 2011

 



For immediate release                                                                                                                                               13 January 2011

Grant of Options and Directors' Shareholdings

Roxi and its Remuneration Committee are pleased to announce that on 12 January 2011, 13,090,000 new options exercisable at 13p per share were granted as follows

David Wilkes                     3,860,000

Hyunsik Jang                      3,090,000

Kuat Oraziman                  3,090,000

Clive Carver                          750,000

Edmund Limerick                750,000

Other staff                          1,550,000

The option price represents a premium of some 16 per cent to the mid market closing price on 12 January 2011 and a premium of some 56 per cent to the volume weighted average price over the previous month, based on the information available at the close of trading on 12 January 2011.

Following the granting of the new options, the current options held by the Directors of the Company are now as follows

	38p	65p	13p	12p	Total
David Wilkes	1,162,555	1,462,618	3,860,000	2,354,918	8,840,091
Hyunsik Jang	0	0	3,090,000	750,000	3,840,000
Kuat Oraziman	672,830	801,538	3,090,000	269,132	4,833,500
Clive Carver	1,345,660	1,603,076	750,000	538,264	4,237,000
Edmund Limerick	0	0	750,000	200,000	950,000

Total options granted are 37,000,890

The total shares in issue are 420,818,386

Enquiries:

Roxi Petroleum plc                                                                                                             [phone]

David Wilkes (CEO)

Matrix Corporate Capital LLP                      Nomad and broker                            [phone]

Louis Castro / Alastair Stratton

Buchanan Communications       

Tim Thompson / Ben Romney / Chris McMahon                                                   [phone]

 

END

 

 

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