Grant of Share Options and Directors' Dealings

RNS Number : 1930W

Nostra Terra Oil & Gas Company PLC

25 January 2012

 

AIM: NTOG

25 January 2012

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Grant of Share Options and Directors' Dealings

Nostra Terra, the AIM-quoted oil and gas producer with projects in the USA, announces that the Board has today granted options ("Options") to directors over 38,000,000 new ordinary shares of 0.1p each ("Ordinary Shares"), representing 1.95 per cent of the current issued share capital, under the authority granted at the Company's AGM on 30 June 2011.

The Options are eligible for exercise until 25 January 2017.  The exercise price per share for all Options granted is 0.41p, the closing middle market price of the shares as at 24 January 2012.

The 38,000,000 options have been granted to the directors as follows:

Director	No. of Ordinary Shares Subject to Option
Matthew Lofgran	14,000,000
Alden McCall	14,000,000
Sir Adrian Blennerhassett	4,000,000
Stephen Oakes	6,000,000

The Company has also been informed that Mr Alden McCall, Chief Operating Officer, has made a purchase of 800,000 Ordinary Shares at a price of 0.41 pence per share.  Further, Sir Adrian Blennerhassett, Chairman, has informed that Company that he has purchased 700,200 Ordinary Shares at 0.414 pence per share.

Following the purchases, Mr. McCall and Sir Adrian are now interested in 800,000 and 7,280,200 Ordinary Shares respectively, representing approximately 0.04 per cent. and 0.37 per cent. of the Company's issued ordinary share capital.

For further information, visit www.ntog.co.uk or contact:

Nostra Terra Oil and Gas Company plc

Matt Lofgran, CEO

[e-mail]                                                       Telephone: [phone]

Shore Capital & Corporate Limited (Nominated Adviser) 

Bidhi Bhoma / Toby Gibbs                                                Telephone: [phone]

Alexander David Securities Ltd

David Scott / Bill Sharp                                                     Telephone: [phone]

Lothbury Financial Services Limited

Gary Middleton / Michael Padley                                       Telephone: [phone]

 

END

 

 

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