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 1^st April 2012;

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

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

·   1,000,000 incentive options exercisable at A$0.45 each on or before 1^st October 2015, vesting on 1^st 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	[phone]
Company Secretary Northland Capital Partners Limited (Nominated Adviser and Broker)	Email	[e-mail]
William Vandyk	Tel	[phone]

 

END

 

 

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