Replacement - Grant of Share

RNS Number : 5815U

Island Oil and Gas PLC

15 May 2008

 



The following amendment has been made to the Grant of Share Options

announcement released on 15 May 2008 at 14:45 under RNS No 5662U

In the first paragraph the number of options that had been granted by the Company is 1,350,000 not 1,000,000 as previously stated. 

All other details remain unchanged.

The full amended text is shown below.

Island Oil & Gas plc

Grant of Share Options 

Island Oil & Gas plc ('Island' or the 'Company') (LSE: IOG) announces that 1,350,000 Share Options (the 'Options') have been granted by the Company at an exercise price of £0.30 pence per share.   The Options may be exercised in whole or in part at any time up to 13 May 2015.

The number of Options granted are as follows:

Paul Griffiths - Executive	475,000
Bryan Benitz - Non-Executive	225,000
Carl Kindinger - Non-Executive	225,000
Karl Prenderville - Executive	425,000

As a result of the Options granted, the total number of Options over ordinary shares held by Directors is 3,400,000 and divided between Directors as follows:

Paul Griffiths - Executive	1,475,000
Bryan Benitz - Non-Executive	775,000
Carl Kindinger - Non-Executive	475,000
Karl Prenderville - Executive Director	675,000

Further information:

Island Oil & Gas plc

Paul Griffiths

Karl Prenderville                    Tel: [phone]

www.islandoilandgas.com

Davy (NOMAD and broker)

Anthony Farrell                     Tel: [phone]

Landsbanki (UK broker)

Simon Robinson                    Tel: [phone]

College Hill (Financial PR)

Paddy Blewer                    Tel: [phone]

Nick Elwes                    

 

END

 

 

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