Option grant

RNS Number : 0793N

Rose Petroleum PLC

03 September 2013

 



Rose Petroleum plc (the "Company")

Grant of Options

The Company has today granted options over ordinary shares of 0.1p in the Company ("Ordinary Shares") under the Company's share option schemes ("Options").   A total of 70,400,000 Options have been granted to certain directors and senior employees as set out below:

Name of Director / employee	Number of Options granted	Exercise price per Option	Total number of options now held
Richard Kilmorey, Chairman	7,500,000	1.125p	8,250,000
Matthew Idiens, CEO	15,800,000	1.125p	21,800,000
Kelly Scott, Technical Director	23,800,000	0.475p	23,800,000
Fivos Spathopoulos	15,800,000	0.475p	15,800,000
Matthew Frost	7,500,000	0.475p	7,500,000

Each Option is exercisable into one ordinary share of 0.1p each in the Company and can be exercised as to a third after one year, a third after two years and a third after three years up until 1 September 2023.

The new Options granted today represent approximately 8.88% of the Company's current issued share capital and there are now a total of 96,500,000 options over Ordinary Shares outstanding, representing approximately 12.2% of the Company's current issued share capital.

For further information, please contact:

Rose Petroleum Plc Matthew Idiens, CEO	[phone]
Allenby Capital (Nominated Adviser and Broker) Jeremy Porter/Alex Price	[phone]
Bankside Consultants Simon Rothschild	[phone]

 

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