Grant of Share Options

RNS Number : 4202J

Island Oil and Gas PLC

03 December 2008

 



Island Oil & Gas plc

('Island' or the 'Company')

Grant of Share Options 

Island Oil & Gas plc ('Island' or the 'Company') (LSE: IOG) announces that as part of its recently announced ongoing strategic review, that 975,000 Share Options (the 'Options') have been granted by the Company at an exercise price of £0.105 pence per share. The Options may be exercised in whole or in part at any time up to 2 December 2015.

The number of Options granted are as follows:

Paul Griffiths - Executive	275,000
Bryan Benitz - Non-Executive	225,000
Carl Kindinger - Executive	225,000
Adrian Doull - Non-Executive	250,000

As a result of the Options granted, the total number of Options over ordinary shares held by Directors is 3,700,000 and divided between Directors as follows:

Paul Griffiths - Executive	1,750,000
Bryan Benitz - Non-Executive	1,000,000
Carl Kindinger - Executive	700,000
Adrian Doull - Non-Executive	250,000

3 December 2008

Further information:

Island Oil & Gas plc	Tel: [phone]
Paul Griffiths
Carl Kindinger
www.islandoilandgas.com
Davy (NOMAD and broker)	Tel: [phone]
Anthony Farrell
College Hill (Financial PR)	Tel: [phone]
Paddy Blewer
Nick Elwes

 

END

 

 

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