Grant of Share Options

RNS Number : 5791E

Lansdowne Oil & Gas plc

01 June 2012

 



Lansdowne Oil & Gas plc

("Lansdowne" or the "Company")

Grant of share options

                                                                                                             1 June 2012

Lansdowne announces that it has granted a total of 1,090,000 share options to directors as follows under the Company's unapproved share option plan (the "Plan"):

SAR Boldy	Chief Executive	600,000
E Brown	Business Development Director	240,000
CG Moar	Finance Director	50,000
J Greenall	Chairman	50,000
SG Lampe	Non Executive Director	50,000
Viscount Torrington	Non Executive Director	50,000
SR Bertram	Non Executive Director	50,000

The options have an exercise price of 36.5 p per share, being the closing mid-market price on 31 May 2012, and may be exercised in whole or part between 1 June 2015 and 31 May 2022 provided that certain performance targets are met.  These option grants (other than those granted to SAR Boldy and E Brown) are granted subject to requisite authority being approved by shareholders at the Company's forthcoming Annual General Meeting convened for 26 June 2012.

Following these option grants, the total holdings of the directors concerned are as follows:

		Ordinary Shares	% of Issued Share Capital	Options
SAR Boldy		52,660	0.04	1,600,000
E Brown		3,743,768	3.06	640,000
CG Moar		-	-	300,000
J Greenall		85,380	0.07	150,000
SG Lampe*		36,401,552	29.75	50,000
Viscount Torrington		105,580	0.09	150,000
SR Bertram		141,314	0.12	150,000

*SG Lampe has a non-beneficial interest in shares held by LC Capital Master Fund Limited and Lampe Conway and Co. LLC. S Lampe is managing member of Lampe Conway & Co. LLC, the investment manager of LC Capital Master Fund Limited.

For further information contact:

Lansdowne Oil & Gas plc                                                                    [phone]       

Chris Moar - Finance Director

finnCap                                                                                                [phone]

Sarah Wharry - Corporate Finance

www.lansdowneoilandgas.com

 

END

 

 

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