Grant of Options

Empyrean Energy PLC
27 February 2008


 

27 February 2008

 

                              Empyrean Energy PLC                               

                  ('Empyrean' or the 'Company'; Ticker: (EME))                  

                                                                                

                                                                                

                                Grant of Options                                
 
Empyrean today announces that it has resolved to grant options over 2,450,000 
ordinary shares of 0.2p each in the Company to its management. The options will 
be granted with an exercise price of £0.25 per share. All options will expire 3 
years from the date of the grant.
 
It has been resolved that options over 1,000,000 ordinary shares of 0.2p each 
will be granted to both Mr Thomas Kelly (Executive Director) and Mr Frank Brophy
(Technical Director), with 200,000 options to be granted to Dr Patrick Cross 
(Chairman). An additional 250,000 options will be granted to various employees 
and consultants of the Company.
 
50 per cent of all options granted to the aforementioned directors and 
management will be subject to shareholder approval at the Company's next Annual 
General Meeting.

                                                                                

                                                                                

For further information

Jonathan Charles/Charlie Geller

Conduit PR                                                                

Tel: [phone]                                          

 

Rod Venables

HB-Corporate

Tel: [phone]

 

Empyrean Energy plc

Tel : [phone]


 

 



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