LTIP Awards

RNS Number : 4159I

Trinity Exploration & Production

02 July 2013

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Trinity Exploration & Production plc

(the "Company" or "Trinity"; AIM:TRIN)

2 July 2013

Trinity, the leading independent E&P company focused on Trinidad and Tobago, announces that on 1 July 2013 the Board approved the grant of Options to Executive Directors under the Long-Term Incentive Plan as follows:

RECIPIENT	NUMBER OF ORDINARY SHARES SUBJECT TO THE OPTION
Bruce Dingwall	189,600
Joel Pemberton	237,000

The vesting of the above Options is subject to meeting performance targets relating to reserves growth and the Company's share price performance at the end of the 2015 financial year but will not vest until 1 January 2017. Subject to meeting these conditions, the Options are exercisable at zero cost to the recipient.

Enquiries

Trinity Exploration & Production Monty Pemberton, Chief Executive Officer Robert Gair, Corporate Development Manager	Tel: [phone]
RBC Capital Markets (NOMAD & Joint Broker) Tim Chapman Matthew Coakes Daniel Conti	Tel: [phone]
Jefferies (Joint Broker) Chris Zeal Graham Hertrich	Tel: [phone]
Brunswick Group LLP (PR Adviser) Patrick Handley Catriona McDermott	Tel: [phone]

About Trinity

Trinity is the largest independent E&P company focused on Trinidad and Tobago.  Trinity operates assets onshore and offshore on both the West and East coasts. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth.  The Company operates all of its licences and has 2P reserves of 36 mmbbl and current production of c.3,900 bopd.  Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.LN.

 

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