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Valeura Energy Inc. Announces Termination of Certain Stock Options
CALGARY, AB / ACCESSWIRE / November 27, 2020 / Valeura Energy Inc. (TSX:VLE)(LSE:VLU) ("Vale...
About this update from Valeura Energy Inc.
[{"type":"text","content":"Valeura Energy Inc. Announces Termination of Certain Stock OptionsCALGARY, AB / ACCESSWIRE / November 27, 2020 / Valeura Energy Inc. (TSX:VLE)(LSE:VLU) (\"Valeura\" or the \"Company\"), an upstream oil and gas company with assets in the Thrace Basin of Turkey, announces that effective November 25, 2020 it has terminated an aggregate of 1,957,500 incentive stock options, which were issued to a number of employees, officers, directors, and consultants, including an individual engaged in investor relations activities on behalf of the Company (collectively, the \"Optionees\").By a series of option termination agreements, the Company and the Optionees have agreed to terminate those options granted between March 2018 and September 2019, which carry exercise prices between C$2.54 and C$4.62 per share. Optionees will receive nominal consideration of one cent (C$0.01) per terminated option. No options are being granted by the Company in conjunction with these terminations.Among the Optionees were certain persons discharging managerial responsibilities (\"PDMR\"), as detailed below.PDMRPositionVolume terminatedSean GuestExecutive Director, President and Chief Executive Officer575,000Gordon BeggVice President, Commercial300,000Rob SadownykVice President, Exploration210,000Russell HiscockNon-Executive Director152,500Heather CampbellChief Financial Officer135,000Kimberley WoodNon-Executive Director100,000Tim MarchantNon-Executive Chairman87,500Jim McFarlandNon-Executive Director87,500Ron RoyalNon-Executive Director87,500For 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'Connor, James AsensioCAMARCO (Public Relations, Media Adviser) +44 (0) 20 3757 4980Owen Roberts, Billy Clegg, Monique Perks, Hugo [email protected] announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This a...