Regal Petroleum PLC
25 April 2006
For Immediate Release 25 April 2006
REGAL PETROLEUM PLC
(the 'Company')
Purchase of Shares and Grant of Options
The Company was notified last evening that on 21 April 2006, Mr Paul J Morgan,
the Company's Chairman and Chief Executive Officer, purchased a total of 150,000
ordinary shares of 5 pence each in the capital of the Company ('Ordinary
Shares') at an average price of 86 pence each. Mr Morgan's shareholding in the
Company now stands at 250,000 Ordinary Shares, representing approximately 0.19
per cent of the Company's issued Ordinary Share capital.
In addition the Company's remuneration committee has granted options over
Ordinary Shares pursuant to the Regal Petroleum Share Option Scheme to the
following Directors:
Number of Exercise Date/condition from which
Share Options Price exercisable
------------ ---------- --------- --------------------
Mr Paul J Morgan 2,000,000 £0.875 (i) 500,000 upon the Company's
------------ ---------- --------- Ordinary Shares trading above
£1.50 for 10 consecutive
trading days, (ii) 500,000
upon the Company's Ordinary
Shares trading above £2.50 for
10 consecutive trading days,
(iii) 500,000 upon the
Company's Ordinary Shares
trading above £3.50 for 10
consecutive trading days and
(iv) 500,000 upon the
Company's Ordinary Shares
trading above £4.50 for 10
consecutive trading days
--------------------
Lord Anthony St 250,000 £0.875 24.11.06
John of Bletso
The above options represent all share options held by Mr Morgan. Lord St John
holds an additional 500,000 share options so now has an aggregate of 750,000
share options.
Under the provisions of the Regal Petroleum Share Option Scheme, these options
will lapse on 1 November 2014, unless previously lapsed or exercised.
Further the Company's remuneration committee agreed to award 100,000 Ordinary
Shares to Mr Paul J Morgan upon the Company's Ordinary Shares trading above
£1.50 for 10 consecutive trading days, such award to be made from the Company's
Employee Benefits Trust.
For further information, please contact:
Regal Tel: 020 7408 9500
Paul Morgan - Chairman & CEO
Buchanan Communications Tel: 020 7466 5000
Bobby Morse / Ben Willey
This information is provided by RNS
The company news service from the London Stock Exchange