Exercise of LTIP Awards

RNS Number : 8873F

Regal Petroleum PLC

21 January 2010

 



Regal Petroleum plc

("Regal" or the "Company")

21 January 2010

Exercise of Long Term Incentive Plan Awards

The Company announces that 2,721,212 Long Term Incentive Plan Awards ("Awards") over ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") have been exercised by directors and employees of the Company pursuant to the Company's Long Term Incentive Plan ("LTIP"). The exercise price under the LTIP is 5 pence per Ordinary Share. Details of Award exercises by directors are as follows:-  

Director	Number of LTIP Awards Exercised
Keith Henry	141,667
David J Greer	800,000
Hendrikus Verkuil	459,375
Robert Wilde	309,375
Adrian Coates	46,667

Application has been made to the London Stock Exchange for the admission to trading on AIM of 2,721,212 new Ordinary Shares. These Ordinary Shares, which will rank pari passu in all respects with the Company's existing Ordinary Shares, have been allotted pursuant to the exercise of the abovementioned Awards. Admission is expected to become effective on 26 January 2010.

For further information, please contact:

Regal Petroleum Plc	Tel: [phone]
David J Greer, CEO
Strand Hanson Limited	Tel: [phone]
Simon Raggett / Rory Murphy
Mirabaud Securities	Tel: [phone]
Peter Krens / Pav Sanghera
Citigate Dewe Rogerson	Tel: [phone]
Martin Jackson / George Cazenove

 

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