Exercise of Options and Direc

RNS Number : 6706I

Empyrean Energy PLC

16 March 2010

 



16 March 2010

Empyrean Energy PLC

("Empyrean" or the "Company"; Ticker (EME))

Exercise of Options and Director Shareholdings

Empyrean announces that it has today issued 300,000 new ordinary shares following the exercise of options by certain Directors of the Company. Application will be made for these shares to be admitted to AIM, and trading is expected to commence on 22 March 2010. The shares will rank pari passu with the existing ordinary shares of 0.02p each ("Ordinary Shares") in the Company.

Corniche Hotels Limited, a company of which Mr John Laycock, Finance Director is a  beneficiary, has today exercised options in respect of 100,000 shares at a price of £0.04 per share and as a result, Mr. Laycock now has an interest in 200,000 Ordinary Shares representing approximately 0.16 % of the Total Voting Rights. 

Dr Patrick Cross, Chairman has today exercised options in respect of 200,000 shares at a price of £0.04 per share and as a result, Dr Cross has an interest in 540,000 Ordinary Shares representing approximately 0.44 % of the Total Voting Rights.

Following the transactions, Empyrean's total issued and voting share capital will comprise 122,224,460 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.

Contact:

Tom Kelly                    Empyrean Energy Plc                Tel: [phone]

Nominated Adviser and Broker:

Jerry Keen                   Astaire Securities Plc                Tel: [phone]

Shane Gallwey  Astaire Securities Plc                           Tel: [phone]

 

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