Alkane Energy PLC Directors Dealing (7044T)
October 08 2014 - 2:01AM
UK Regulatory
TIDMALK
RNS Number : 7044T
Alkane Energy PLC
08 October 2014
8 October 2014
Alkane Energy plc
("Alkane" or "the Company")
Directors Dealing - Exercise of Options
Alkane Energy PLC (AIM: ALK) announces that it has issued
1,107,000 new ordinary shares of 0.5p each ("Ordinary Shares")
following the exercise of share options, by Directors, under the
Company's Employee Performance Share Plan.
Neil O'Brien, Chief Executive Officer, exercised 620,625 options
at an exercise price of 0.5p per share from a share option
agreement dated 2011. On 7 October 2014, Neil O'Brien sold 297,785
shares at a price of 35.76p per share in order to satisfy exercise
costs and cover the tax liability associated with the option
exercise. As a result of this, Neil O'Brien's interest in the
company increased to 1,071,840 representing 0.73% of the total
voting rights of the Company.
Steve Goalby, Finance Director, exercised 486,375 options at an
exercise price of 0.5p per share from a share option agreement
dated 2011. On 7 October 2014, Steve Goalby sold 223,731 shares at
a price of 35.76p per share in order to satisfy exercise costs and
cover the tax liability associated with the exercise of options. As
a result of this, Steve Goalby's interest in the company increased
to 963,361 representing 0.65% of the total voting rights of the
Company.
Application has been made to the London Stock Exchange for the
1,107,000 Ordinary Shares issued pursuant to the option exercise to
be admitted to trading on AIM ("Admission"). It is expected that
Admission will occur at 8:00 a.m. on 13 October 2014. The Ordinary
Shares shall rank pari passu with the existing ordinary shares in
the Company.
Following Admission, the Company's enlarged issued share capital
and total number of voting rights will be 147,566,501 Ordinary
Shares. There are no shares held in treasury.
Enquiries:
Alkane Energy plc Tel: +44 (0) 1623 827927
Neil O'Brien/Steve Goalby
Liberum Tel: +44 (0) 20 3100
Clayton Bush/Joshua Hughes 2000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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