Business
Grant of Stock Options
Grant of Stock Options.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 4137G UK Oil & Gas Investments PLC 26 May 2017 \n\n \nUK Oil & Gas Investments PLC\n \n(\"UKOG\" or the \"Company\")\nGrant of Stock Options to Directors, Employees and Consultants.\n \nUK Oil & Gas Investments PLC (London AIM and NEX: UKOG) announces that it has granted incentive stock options to directors, employees and consultants of the Company. The stock options were granted on the 25 May 2017 over a total 120 million common shares representing 3.52% of the issued share capital of the Company at an exercise price of 1.15 pence representing an 25% premium to the closing price on 25 May 2017. Of the 120 miilion stock options 45 million were issued to contractors and consultants whom are currently engaged on the Broadford Bridge operations. The remaining stock options were issued to directors and senior management. The stocks options vest immediately and expire on the 24 May 2022. Following this award of options, the total number of shares under option to Directors and Management is 160,000,000 representing 4.69% of the Company's issued share capital.\nThe allocation of stock options to Persons Discharging Managerial Responsibilites was as follows:\n\n\n\n\nDirector\n\n\nPosition\n\n\nNew Options Issued\n\n\nTotal Options Held\n\n\nCurrent Shareholding in UKOG\n\n\nCurrent Shareholding as a percentage of Curent Issued Share Capital\n\n\n\n\nStephen Sanderson\n\n\nCEO & Director\n\n\n25,000,000\n\n\n85,000,000\n\n\n-\n\n\n-\n\n\n\n\nMatt Cartwright\n\n\nCOO\n\n\n20,000,000\n\n\n40,000,000\n\n\n500,000\n\n\n0.01%\n\n\n\n\nKiran Morzaira\n\n\nFinance Director\n\n\n20,000,000\n\n\n25,000,000\n\n\n4,508,178\n\n\n0.13%\n\n\n\n\nAllen Howard\n\n\nNon-Executive Director\n\n\n10,000,000\n\n\n10,000,000\n\n\n-\n\n\n-\n\n\n\n\n \nFor further information, please contact:\n \nUK Oil & Gas Investments PLC\nStephen Sanderson / Kiran Morzaria ...