D1 Oils Plc
18 January 2005
Grant of Share Options to Philip Wood
D1 Oils plc granted a share option to Mr Philip Wood, the Chief Executive
Officer, on 13 January 2005.
The option was granted pursuant to the rules of the D1 Oils Share Option Plan.
The option is in respect of 888,373 ordinary shares. The option exercise price
is £1.60 per share, which is the same as the original price at which the
Company's shares were admitted to AIM.
The option is subject to a Performance Target. The target requires achievement
of an average share price that is 10% above the admission price over a period of
60 consecutive dealing days before the option can be exercised.
Mr Wood has agreed to pay any Employers' NICs arising from the exercise of this
Following the grant of this option, Mr Wood's revised interest in the Company's
shares is in respect of 1,795,747 shares of which 1,122,747 are subject to share
D1 Oils plc
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