Director/PDMR Shareholding

RNS Number : 1117W

Lansdowne Oil & Gas plc

06 June 2008

 



6 June 2008

Lansdowne Oil & Gas plc

('Lansdowne' or 'the Company')

Grant of share options to Directors

Lansdowne, the Dublin-based independent exploration company, announces that it has granted a total of 900,000 share options to the executive directors as follows:

Stephen Boldy  - Chief Executive                         400,000

Emmet Brown - Business Development Director    400,000

Chris Moar  - Finance Director                             100,000

The options have an exercise price of 31.50p per share and may be exercised in whole or part between 6 June 2011 and 5 June 2018 provided that certain performance targets are met. 

Following this grant the total holdings of the directors concerned are as follows:

		Ordinary Shares	% of issued share capital	Options
Stephen Boldy	Chief Executive	32,660	0.1%	600,000*
Emmet Brown	Business Development Director	2,951,102	9.0%	400,000
Chris Moar	Finance Director	-	-	100,000

*Included in the total options above for S Boldy are 200,000 options at a price of £0.85 exercisable between 26 June 2009 and 25 June 2016, which were granted on 26 June 2006.

ENQUIRIES:

Lansdowne Oil & Gas plc
Chris Moar	Finance Director	01224 748480
John East & Partners Limited
David Worlidge		020 7628 2200

 

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