Regal Petroleum PLC
31 October 2005
For Immediate Release Monday 31 October 2005
REGAL PETROLEUM PLC
('the Company')
Purchase of Shares and Grant of Options
Today, 31 October 2005, Dr Rex Gaisford CBE, the Company's Chief Executive
Officer, has purchased 50,000 Ordinary Shares of 5 pence each in the capital of
the Company ('Ordinary Shares') at £1.06 each and his wife has similarly
purchased 10,000 Ordinary Shares at £1.06 each. These purchases represent new
holdings in the Company.
Following the appointment of Dr Gaisford on 9 June 2005 and the newly
constituted Board on 15 June 2005, the Company's remuneration committee met and
made recommendations to the Board. On 31 October 2005, after publication of its
interim financial statements, the Company ratified these recommendations and the
grant of options over Ordinary Shares pursuant to the Regal Petroleum Share
Option Scheme to the following Directors:
Number of Exercise Date
Share Price from which
Options £ exercisable
---------------- --------- --------- -----------
Dr Rex Gaisford 1,000,000 £0.60 14.06.06
Mr Roger Phillips 500,000 £0.60 14.12.05
Sir Peter Heap 250,000 £0.60 14.06.06
Mr Richard Hardman 200,000 £0.60 14.06.06
Dr Rex Gaisford 250,000 £2.00 14.06.06
Mr Roger Phillips (*) 250,000 £2.00 14.06.06
Mr Richard Hardman 200,000 £2.00 14.06.06
Dr Rex Gaisford 250,000 £3.00 14.06.06
Mr Richard Hardman 200,000 £3.00 14.06.06
Dr Rex Gaisford 250,000 £4.00 14.06.06
Mr Richard Hardman 150,000 £4.00 14.06.06
Dr Rex Gaisford 250,000 £5.00 14.06.06
(*) These noted share options above have been issued to replace previously held
options which have been relinquished.
The above options represent all options held by the above named Directors.
For further information, please contact:
Regal Tel: 020 7408 9500
Roger Phillips, Group Finance Director
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