Award of options

RNS Number : 0090U

Roxi Petroleum Plc

15 December 2011

 



For immediate release                                                                                                       15 December 2011

Roxi Petroleum plc

("Roxi" or the "Company")

Award of options

Roxi , the Central Asian oil and gas company with a focus on Kazakhstan, and its Remuneration Committee are pleased to announce that on 14 December 2011 18,500,000 new options were granted exercisable at 4p, a 10% premium to the closing mid market price,. The recipients include Directors of the Company as follows

David Wilkes	4,800,000
Kuat Oraziman	4,200,000
Hyun sik Jang	4,200,000
Clive Carver	2,400,000
Edmund Limerick	1,200,000

The options will vest only after the commencement of production.

Following the grant of these new options there will be 56,521,429 options in issue.  The total number of shares in issue is 609,590,281.

The options granted to Directors, including in previous awards, is summarised below

Exercise price	4p	12p	13p	38p	65p
David Wilkes	4,800,000	2,534,918	3,860,000	1,162,555	1,462,618
Kuat Oraziman	4,200,000	269,132	3,090,000	672,830	801,538
Hyun sik Jang	4,200,000	750,000	3,090,000	0	0
Clive Carver	2,400,000	538,264	750,000	1,435,660	1,603,077
Edmund Limerick	1,200,000	200,000	750,000	0	0

Enquiries

Roxi Petroleum plc Clive Carver, Chairman David Wilkes, CEO	[phone]
Strand Hanson Limited Andrew Emmott / Cordelia Orr-Ewing	[phone]
Renaissance Capital Limited John Porter / James Etherington	[phone]
Buchanan (Financial PR) Tim Thompson / Ben Romney / Helen Chan	[phone]

 

END

 

 

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