Business
Replacement Option Grant
Replacement Option Grant.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2277N Rose Petroleum PLC 04 September 2013 \n \n\nThe following announcement replaces the announcement released at 7.30a.m. on 3 September 2013 under RNS number 0793N. The last paragraph has been amended to state the correct total number of options outstanding and the percentage they represent. All other details remain the same. The full text of the amended announcement is set out below:\nRose Petroleum plc (the \"Company\")\n \nGrant of Options\n \nThe Company has today granted options over ordinary shares of 0.1p in the Company (\"Ordinary Shares\") under the Company's share option schemes (\"Options\"). A total of 70,400,000 Options have been granted to certain directors and senior employees as set out below:\n \n\n\n\n\nName of Director / employee\n\n\nNumber of Options granted\n\n\nExercise price per Option\n\n\nTotal number of options now held\n\n\n\n\nRichard Kilmorey, Chairman\n\n\n7,500,000\n\n\n1.125p\n\n\n8,250,000\n\n\n\n\nMatthew Idiens, CEO\n\n\n15,800,000\n\n\n1.125p\n\n\n21,800,000\n\n\n\n\nKelly Scott, Technical Director\n\n\n23,800,000\n\n\n0.475p\n\n\n23,800,000\n\n\n\n\nFivos Spathopoulos \n\n\n15,800,000\n\n\n0.475p\n\n\n15,800,000\n\n\n\n\nMatthew Frost\n\n\n7,500,000\n\n\n0.475p\n\n\n7,500,000\n\n\n\n\n \nEach Option is exercisable into one ordinary share of 0.1p each in the Company and can be exercised as to a third after one year, a third after two years and a third after three years up until 1 September 2023. \n \nThe new Options granted today represent approximately 8.88% of the Company's current issued share capital and there are now a total of 91,800,000 options over Ordinary Shares outstanding, representing approximately 11.6% of the Company's current issued share capital.\n \nFor further information, please contact:\n \n\n\n\n\nRose Petroleum Plc\nMatthew Idiens, CEO\n\n\n+44 (0) 20 7225 4595\n\n\n\n\nAllenby Capital (Nominated Adviser and Broker)\nJeremy Porter/Alex Price\n \n\n\n+44 (0) 20 3328 5656\n\n\n\n\nBankside Consultants\nSimon Rothschild\n\n\n+44 (0) 20 7367 8888\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCNKQDBBBKDQCK\n ","length":6499,"tagName":"div"}]