Business
Bonus Shares & Share Options
Bonus Shares & Share Options.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n RNS Number : 7551A Gulf Keystone Petroleum Ltd 07 February 2011 \n \n\nNot for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.\n \n \n7 February 2011\n \n \nGulf Keystone Petroleum Ltd. (AIM: GKP)\n(\"Gulf Keystone\" or \"the Company\")\n \nAwards under the Executive Bonus Scheme and Share Option Plan\n \nExecutive Bonus Scheme for 2010\n \nThe Remuneration Committee has recommended to the Trustee (\"EBT Trustee\") of the Company's Employee Benefit Trust (\"EBT\") that it makes discretionary awards for 2010 under the Company's Executive Bonus Scheme up to a maximum of 8,453,334 common shares of USD 0.01 (\"common shares\") to be provisionally allocated for Directors and employees. No more than 2,113,334 common shares can be considered for award in 2011and 3,170,000 common shares in each of the years 2012 and 2013.\n \nThe maximum number of common shares that would be available in the EBT under the 2010 Executive Bonus Scheme for the Directors, subject to the discretion of the EBT Trustee, is set out below:\n \nTodd Kozel 3,968,889\nEwen Ainsworth 793,778\nJohn Gerstenlauer 793,778\n \nIn addition the Board has approved the direct award [not through the EBT] of up to 888,888 common shares under the 2010 Executive Bonus Scheme to each of Mehdi Varzi and Lord Peter Truscott with no more than 222,222 common shares being considered for award in 2011 and 333,333 common shares in each of the years 2012 and 2013.\n \nShare Subscription by the EBT Trustee\n \nThe EBT Trustee has considered the recommendations and indicated on 4 February 2011 that it wishes to subscribe for a total of 5,886,332 common shares in the Company to enable ...