Business
Award of options
Award of options.
About this update from Fenikso Ltd
[{"type":"text","content":"\n \nRNS Number : 1673K Lekoil Limited 24 December 2015 \n\n24 December 2015\n \nLekoil Limited\n(\"Lekoil\" or the \"Company\")\n \nAward of Options\n \nLekoil (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that the Company has made the following awards of options over ordinary shares of -par -value US$0.00005 each -in -the -capital- of the -Company to Directors under the Long Term Incentive Plan for the CEO and the Non-Executive Director Share Plan for the Non-Executive Directors: \n \n\n\n\n\nDirector\n\n\nPosition\n\n\nOptions granted\n\n\nExisting options\n\n\nTotal options\n\n\n\n\nOlalekan Akinyanmi\n\n\nChief Executive Officer\n\n\n3,143,000\n\n\n5,480,000\n\n\n8,623,000\n\n\n\n\nSamuel Adegboyega\n\n\nNon-executive Chairman\n\n\n100,000\n\n\n750,000\n\n\n850,000\n\n\n\n\nGregory Eckersley\n\n\nNon-executive Director\n\n\n100,000\n\n\n1,162,500\n\n\n1,262,500\n\n\n\n\nAisha Oyebode\n\n\nNon-executive Director\n\n\n100,000\n\n\n187,500\n\n\n287,500\n\n\n\n\nJohn Van Der Welle\n\n\nNon-executive Director\n\n\n100,000\n\n\n187,500\n\n\n287,500\n\n\n\n\nH. Adesola Oyinlola\n\n\nNon-executive Director\n\n\n100,000\n\n\n-\n\n\n100,000\n\n\n\n\n \nIn 2013, some of the Non-Executive Directors were issued options with an exercise price of 49p in accordance with the Executive Stock Incentive Plan. The above award of options was to occur in June 2015, however the Company was in a close period at that time. All options issued under this award are being issued with an exercise price of 40p. \n \nThe Directors currently have the following interests in ordinary shares in addition to the options set out above:\n \n\n\n\n\nDirector\n\n\nPosition\n\n\nNumber of shares\n\n\n% of issued share capital\n\n\n\n\nOlalekan Akinyanmi\n\n\nChief Executive Officer\n\n\n41,868,293\n\n\n8.6%\n\n\n\n\nSamuel Adegboyega\n\n\nNon-executive Chairman\n\n\n1,160,000\n\n\n0.2%\n\n\n\n\nGregory Eckersley\n\n\nNon-executive Director\n\n\n2,848,050\n\n\n0.6%\n\n\n\n\nAisha Oyebode\n\n\nNon-executive Director\n\n\n256,250\n\n\n0.1%\n\n\n\n\nJohn Van Der Welle\n\n\nNon-executive Director\n\n\n-\n\n\n-\n\n\n\n\nH. Adesola Oyinlola\n\n\nNon-executive Director\n\n\n632,431\n\n\n0.1%\n\n\n\n\n \nFor further information, please visit www.lekoil.com o...