Business
Valeura Energy Announces Issuance of Stock Options
CALGARY / ACCESSWIRE / March 19, 2020 / Valeura Energy Inc. (TSX:VLE), (LSE:VLU) (" Valeu...
About this update from Valeura Energy Inc.
[{"type":"text","content":"Valeura Energy Announces Issuance of Stock OptionsCALGARY / ACCESSWIRE / March 19, 2020 / Valeura Energy Inc. (TSX:VLE), (LSE:VLU) (\"Valeura\" or the \"Company\"), the upstream natural gas company focused on the Thrace Basin of Turkey, announces that on March 17, 2020 it issued an aggregate of 2,795,000 incentive stock options to a number of employees, officers, directors, and consultants, including an individual engaged in investor relations activities on behalf of the Company. The stock options are exercisable for a period of seven years at an exercise price of C$0.25 per share and will vest over a period of three years. The stock options were granted in accordance with the terms of the Company's stock option plan, which has been approved by the Company's shareholders and the TSX.Certain persons discharging managerial responsibilities (\"PDMR\") were recipients of stock options as detailed below.PDMRPositionVolumeSean GuestExecutive Director, President and Chief Executive Officer550,000Heather CampbellChief Financial Officer325,000Peter SiderChief Operating Officer325,000Gordon BeggVice President, Commercial325,000Rob SadownykVice President, Exploration220,000Tim MarchantNon-Executive Chairman100,000Russell HiscockNon-Executive Director100,000Jim McFarlandNon-Executive Director100,000Ron RoyalNon-Executive Director100,000Kimberley WoodNon-Executive Director100,000 For further information please contact:Valeura Energy Inc.(General and Investor Enquiries) +1 403 237 7102Sean Guest, President and CEOHeather Campbell, CFORobin Martin, Investor Relations [email protected], [email protected] Genuity Limited(Corporate Broker)+44 (0) 20 7523 8000Henry Fitzgerald-O'ConnorJames AsensioCAMARCO(Public Relations, Media Adviser)+44 (0) 20 3757 4980Owen RobertsMonique PerksHugo LiddyBilly [email protected] announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such an offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defin...