Grant of Options

RNS Number : 3087J

Borders & Southern Petroleum plc

29 June 2011

 



29 June 2011

Borders & Southern Petroleum plc (AIM: BOR)

Grant of Share Options

The Remuneration Committee of Borders and Southern Petroleum plc ("Borders & Southern" or "the Company") announces that on 28 June 2010 it granted options under the Company's Discretionary Share Option scheme over ordinary shares in the capital of the Company at an exercise price of 51.25 pence each to the following directors: 

Director	Number of options
Howard Obee (Chief Executive)	1,000,000
Peter Fleming (Finance Director)	1,000,000

Options granted are not exercisable for a period of three years from date of grant and may then be exercised for a period of seven years thereafter. 

Following the grant of the above options, the interests of each of the above in the capital of the Company are as follows:

Director	No. of Shares	% of issued shares	No. of Options
Howard Obee	10,000,000	2.33	1,300,000
Peter Fleming	2,200,000	0.51	1,300,000

The current issued share capital of the Company is 428,578,404

For further information please visit www.bordersandsouthern.com or contact: 

Howard Obee, Chief Executive Borders & Southern Petroleum plc Tel: [phone]

Katherine Roe / Callum Stewart Panmure Gordon (UK) Limited Tel: [phone]

Simon Hudson / Lydia Eades Tavistock Communications Tel: [phone]

 

END

 

 

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