Business
Exercise of Options
Exercise of Options.
About this update from Petrel Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6852V Petrel Resources PLC 17 December 2013 \n \n\n \n \n \n \n \n \n \n17 December 2013\n \n \nPetrel Resources Ltd\n(\"Petrel\" or the \"Company\")\n \nExercise of Options\n \nPetrel Resources (AIM: PET) announces that it has issued an aggregate of 4,070,000 new shares of €0.0125 each in the Company (\"New Shares\") following the exercise of options by two of its directors Mr John Teeling and Mr David Horgan and by Company Secretary James Finn.\n \nThe options exercise and corresponding issue of New Shares has led to the following changes to directors and secretary interests:\n \n \n\n\n\n\nName\n\n\nNumber of options exercised\n\n\nExercise price\n\n\nTotal shareholding following the issue of the New Shares\n\n\nPercentage of the Company's issued ordinary share capital\n\n\n \n \n \n \n \n \nRemaining options Exercisable at 43p\n\n\n\n\nJohn Teeling\n\n\n1,700,000\n100,000\n\n\n2.5p\n5p\n\n\n \n5,415,000\n\n\n \n5.43%\n\n\n100,000\n\n\n\n\nDavid Horgan\n\n\n1,400,000\n100,000\n\n\n2.5p\n5p\n\n\n \n4,215,384\n\n\n \n4.23%\n\n\n150,000\n\n\n\n\nJames Finn\n\n\n670,000\n100,000\n\n\n2.5p\n5p\n\n\n \n1,785,385\n\n\n \n1.79%\n\n\n100,000\n\n\n\n\n \n \nApplication to AIM and Total Voting Rights\n \nApplication will be made for the New Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will take place at 8.00 a.m. on 23 December 2013. \n \nFollowing Admission, the Company's issued share capital will be 99,681,992 ordinary shares of €0.0125 each, with each ordinary share carrying the right to one vote. There are no shares held in treasury.\n \nThe above figure of 99,681,992 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules. \n \n \n \nENDS\n \nEnquiries:\n \n\n\n\n\nPetrel Resources Plc\n\n\n\n\n\n\n\nDavid Horgan, Managing Director\n\n\n+353 (0)87 292 3500\n\n\n\n\nJohn Teeling, Executive Chairman\n\n\n+353 (0)1 833 2833\n\n\n\n\n\n\n\n\n\n\n\n\nNorthland Capital Partners Limited\n\n\n\...