Grant of Options

RNS Number : 6915M

Sound Oil PLC

27 May 2010

 



27 May 2010

Sound Oil plc

("Sound Oil" or the "Company")

Grant of options

Sound Oil plc ("Sound Oil" or the "Company") (AIM: SOU), the upstream oil and gas company with assets in Indonesia, announces that the board of the Company has today granted a total of 6,900,000 share options to certain employees and directors of the Company.

Gerry Orbell (Chairman and Chief Executive) was granted options over 1,725,000 ordinary shares in the Company ("Ordinary Shares"); Tony Heath (Finance Director) was granted options over 1,035,000 Ordinary Shares; and Jossy Rachmantio (Director) was granted options over 1,035,000 Ordinary Shares. The options are exercisable at a price of 1.50p per share up to three years after the date of grant.

Further information on the Company can be found at www.soundoil.co.uk.

Enquiries:

Sound Oil	07903 861145
Gerry Orbell, Chairman
Smith & Williamson Corporate Finance - Nomad	020 7131 4000
Azhic Basirov
David Jones
Evolution Securities - Joint Broker	020 7071 4300
Tim Redfern
Religare Hichens, Harrison - Joint Broker	020 7382 7776
Daniel Briggs
Buchanan Communications	020 7466 5000
Tim Thompson

 

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