Exercise of Options

RNS Number : 6855L

Empyrean Energy PLC

14 August 2013

 



Empyrean Energy plc / Ticker: EME / Index: AIM / Sector: Oil & Gas

14 August 2013

Empyrean Energy plc

Exercise of Options

Empyrean announces that it has issued 200,000 new ordinary shares following the exercise of options by a director of the Company.  Application will be made for the new ordinary shares to be admitted to trading on AIM.  Admission is expected to take place on 20 August 2013. The shares will rank pari passu with the existing ordinary shares of 0.02p each in the Company.

Mr John Laycock has exercised options in respect of 200,000 shares at a price of £0.08 per share and as a result, Mr. Laycock now has an interest in 900,000 ordinary shares representing approximately 0.41% of the total voting rights of the Company.

Mr John Laycock has stated to the board his intention to be a holder of the shares he has accumulated.

Following the transaction, Empyrean's total issued and voting share capital will comprise 220,633,853 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.

Commenting today, Empyrean CEO, Tom Kelly stated: "It is again positive to see a director exercising options at a price that is above the current market price and well before they are due to expire."

For further information please visit www.empyreanenergy.com or contact the following:

Tom Kelly	Empyrean Energy plc	Tel: [phone]
Anita Ghanekar	Shore Capital and Corporate Limited	Tel: [phone]
Edward Mansfield	Shore Capital and Corporate Limited	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]
Elisabeth Cowell	St Brides Media & Finance Ltd	Tel: [phone]
Lottie Brocklehurst	St Brides Media & Finance Ltd	Tel: [phone]

 

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