Grant of Options

RNS Number : 8868Z
Mediterranean Oil & Gas Plc
22 March 2012

Mediterranean Oil & Gas Plc

("the Company")



Grant of Options


The Board of Mediterranean Oil & Gas Plc (AIM: MOG) announces it has authorised the grant of 6,000,000 options over ordinary shares of 1p each in the Company to William George Higgs, Chief Executive of the Company.


The options have an exercise price of 6 pence per share and have a range of annual exercise dates between 19 January 2013 and 19 January 2015. The exercise price represents a premium of 4.8% to the average daily VWAP for the five day period ended 21 March 2012. 


Aside from this award, Mr. Higgs holds no other options in the Company's shares.


The total number of options outstanding, post this grant, is 21,326,000 which represents approximately 5.0% of the ordinary issued share capital of the Company.





Mediterranean Oil & Gas Plc


Mediterranean Oil & Gas Plc

Keith Henry, Chairman                                               Tel: +44 7860 499 628

Chris Kelsall, Finance Director                                                Tel: +44 789 1040 658


Panmure Gordon

Katherine Roe                                                                                Tel: +44 (0)207 459 3600

Brett Jacobs                                                               


GMP Securities Europe LLP                                            Tel: +44 (0)207 647 2800

Nick Morgan      


Pelham Bell Pottinger                                            

Archie Berens                                                                                 Tel: +44 (0)207 861 3112 / (0)7802 442 486



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