July 4, 2014
AIM: BNK
Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company")
Employee Stock Savings Plan Quarterly Update
Further to the Company's announcement of January 16, 2013 regarding the
implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum
announces that during the quarter ending 30 June 2014, the following purchases
were made by senior employees:
Name Date of Purchase Number of Employer's Purchase Employer's Resulting Resulting
Common Price Contribution Number of Holding as at
Shares Contribution (Cdn. $) Vested(2) Common 30 June
Purchased (1) Shares 2014 as
held as % total
at 30 voting rights
June 2014
David French, April 15 414 414 5.49 1,492 280,437 0.1%
President and
Chief Executive April 30 380 380 5.97 817
Officer May 15 375 375 6.06 741
May 31 350 350 6.51 692
June 15 309 309 7.34 761
June 30 332 332 6.84 792
Douglas C. Urch April 15 273 273 5.49 557 967,644 0.4%
- Executive
Vice President, April 30 252 252 5.97 539
Finance and
Chief Financial May 15 247 247 6.06 489
Officer
May 31 231 231 6.51 457
June 15 204 204 7.34 502
June 30 220 220 6.84 523
Suneel Gupta - April 15 273 273 5.49 557 426,837 0.2%
Executive Vice
President and April 30 252 252 5.97 539
Chief Operating
Officer May 15 247 247 6.06 489
May 31 231 231 6.51 457
June 15 204 204 7.34 502
June 30 220 220 6.84 523
(1) These shares are the matching shares purchased by the Company, which
shall vest to the shareholder twelve months from the date of purchase, provided
the shareholder is still an employee of the Company.
(2) These shares are the matching shares purchased by the Company twelve
months ago and are now vested to the shareholder.
As previously announced, under the ESSP, employees may use up to 10% of their
salary (matched equally by the Company) to purchase Bankers Petroleum shares on
the Toronto Stock Exchange, on each pay period (midmonth and month-end). David
French, Douglas Urch and Suneel Gupta elected to participate in the plan, with
a participation level of 10% of each of their respective salaries.
At previous announcement on June 23, 2014, the balance of shares held by Mr.
Gupta was incorrectly stated as 425,200 and it should have stated 422,343.
It is expected that the next quarterly announcement in respect of purchases
under the ESSP will be made on or around Oct 1, 2014.
For further information, contact:
Doug Urch
Executive VP, Finance and Chief Financial Officer
Ph: (403) 513-2691
Email: investorrelations@bankerspetroleum.com
Website: www.bankerspetroleum.com
AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor
+44 0 207 523 8000
AIM BROKER:
FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200