Enterprise Oil PLC
8 March 2001
Notifications under Listing Rule 16.13
Long Term Incentive Plan Award under the Restricted Share Scheme ('LTIP') for
2001
On 8 March 2001, a conditional allocation of ordinary shares of 25p each in
the capital of the Company was made under the LTIP to 150 Senior Executives,
including 5 executive Directors. These shares are held in trust for three
years and only vest upon the achievement of certain performance targets. No
consideration is payable either at allocation or on vesting of all or part of
the shares.
The following table shows the conditional allocation made under the LTIP on 8
March 2001 and the relevant Directors' current cumulative allocations
thereunder.
Name Conditional allocation made 8 Cumulative allocations including 8
March 2001 March 2001
A R Armour 43,704 133,069
I G Craig 41,671 110,500
P H Jungels 87,409 266,141
A B Shilston 50,260 148,590
K P Watts 45,889 137,789
Share Option Exercises by Employees
We have today been notified by the Trustee of the Enterprise Oil Employee
Worldwide Benefit Trust, of a transfer out of the trust of 54,595 ordinary
shares in the capital of the Company following the exercise of share options
by four employees at prices of 601.5p, 603p, 608.25p and 615p. The shares were
sold by the employees following exercise.
The Directors, A R Armour, I G Craig, Sir Graham Hearne, P H Jungels, A B
Shilston and K P Watts, are potential beneficiaries of the Trust (together
with all other employee share option holders) and are therefore treated under
the Companies Act 1985 as having a deemed interest in the total number of
shares held by the Trust. As a result, the Directors' deemed interests in the
Trust have been reduced by the above number of shares disposed of.
For the avoidance of doubt, the Company confirms that this notification does
not relate to an actual dealing in the Company's securities by the above-noted
Directors whose beneficial interests in the Company remain unchanged
notwithstanding the share option exercises noted above.
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