Director/PDMR Shareholding

RNS Number : 6176E

Sterling Energy PLC

23 December 2009

 



23 December 2009

STERLING ENERGY PLC

("Sterling" or the "Company")

Directors' Shareholdings

Sterling (AIM: SEY), the independent oil and gas exploration and production company with interests in the Middle East and Africa, today confirms that the Directors listed below have the following interests in ordinary shares of 40 pence each in the Company ("Ordinary Shares") pursuant to the Firm Placing, Open Offer and Consolidation.

Director	Number of Ordinary Shares	Percentage of issued share capital
Alastair Beardsall	500,000	0.23%
Jonathan Cooper	58,012	0.03%
Andrew Grosse	696,211	0.32%
Richard Stabbins	289,491	0.13%
Keith Henry	500,000	0.23%
Nicholas Clayton	125,000	0.06%
TOTAL	2,168,714	0.99%

In addition, pursuant to the implementation of the All Staff LTIP and NED LTIP Awards for 2009, the Directors listed below have the following options over Ordinary Shares in the Company.

Director	Ordinary Shares under option pursuant to the All Staff & NED LTIP granted 23 December 2009	Total number of Ordinary Shares under option
Alastair Beardsall	1,125,000	1,125,000
Andrew Grosse	475,000	705,950
Jonathan Cooper	400,000	505,000
Keith Henry	125,000	125,000
Richard Stabbins	125,000	125,000
Nicholas Clayton	125,000	125,000
Staff	1,143,088	2,317,144
TOTAL	3,518,088	5,028,094

Directors and management of Sterling Energy PLC hold a total of 2,374,415 Ordinary Shares, 1.08% of the issued share capital.

Further details of the Directors' participation in the Firm Placing, Open Offer and the Company's long term incentive plans are set out in the prospectus published by Sterling and sent to shareholders on 4 December 2009 which is available on the Company's website, www.sterlingenergyuk.com.

Further information:
Sterling Energy plc	[phone]
Alastair Beardsall, Executive Chairman Jonathan Cooper, Finance Director
Evolution Securities	[phone]
Rob Collins  Chris Sim Neil Elliot

 

END

 

 

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