Grant of Options

RNS Number : 5696U
Global Petroleum Ltd
23 December 2011
 



 

23 December 2011

RNS AIM release

Global Petroleum Limited - Interest in Securities

 

Global Petroleum Limited advises that Mr Peter Hill, Managing Director, has today been issued the following incentive options in accordance with his employment agreement and following receipt of Shareholder approval on 29 November 2011:

 

·   1,500,000 incentive options exercisable at A$0.25 each on or before 1st April 2014, vesting on 1st April 2012;

·   1,750,000 incentive options exercisable at A$0.30 each on or before 1st October 2014, vesting on 1st October 2012;

·   1,750,000 incentive options exercisable at A$0.35 each on or before 1st April 2015,  vesting on 1st April 2013; and

·   1,000,000 incentive options exercisable at A$0.45 each on or before 1st October 2015, vesting on 1st October 2013.

In addition to the incentive options, Mr Hill also has an overall interest in the fully issued ordinary shares of Global Petroleum Limited of 180,000 (0.1 per cent.).

 

Enquiries:

 

Global Petroleum Limited

Clint McGhie

Tel

+61 8 9322 6322

Company Secretary

Northland Capital Partners Limited (Nominated Adviser and Broker)

Email

global.info@globalpetroleum.com.au

William Vandyk

Tel

+44 20 7796 8800

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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