Director/PDMR Shareholding

RNS Number : 8700G

Lansdowne Oil & Gas plc

19 May 2011

 

Lansdowne Oil & Gas plc

("Lansdowne" or the "Company")

Grant of share options

19 May 2011

Lansdowne announces that it has granted a total of 1,950,000 share options to directors as follows under the Company's unapproved share option plan (the "Plan"):

SAR Boldy	Chief Executive	1,000,000
E Brown	Business Development Director	400,000
CG Moar	Finance Director	250,000
J Greenall	Chairman	100,000
Viscount Torrington	Non Executive Director	100,000
SR Bertram	Non Executive Director	100,000

The options have an exercise price of 25p per share, a premium of 5.5p per share to the closing mid-market price on 18 May 2011, and may be exercised in whole or part between 19 May 2014 and 18 May 2021 provided that certain performance targets are met.  These option grants (other than those granted to E Brown) are granted subject to certain minor amendments to the rules of the Plan being approved by shareholders at the Company's forthcoming Annual General Meeting to be convened for 14 June 2011.

Following these option grants, the total holdings of the directors concerned are as follows:

		Ordinary Shares	% of Issued Share Capital	Options
SAR Boldy		52,660	0.06	1,400,000
E Brown		3,743,768	4.59	800,000
CG Moar		-	-	350,000
J Greenall		85,380	0.10	100,000
Viscount Torrington		105,580	0.13	100,000
SR Bertram		141,314	0.17	100,000

For further information contact:

Lansdowne Oil & Gas plc                                                                    [phone]       

Chris Moar - Finance Director

finnCap                                                                                                [phone]

Sarah Wharry - Corporate Finance

www.lansdowneoilandgas.com

 

END

 

 

RDSQVLFFFEFFBBF