BANKERS PETROLEUM LIMITED - Employee Stock Savings Plan Quarterly Update
April 02 2014 - 10:26AM
PR Newswire (US)
April 2, 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 31 March 2014, the following purchases
were made by senior employees:
Name Date of Purchase Number of Employer's Purchase Employer's Resulting Resulting
Common Contribution Price Contribution Number of Holding as at
Shares (1) (Cdn. $) Vested(2) Common 31 March
Purchased Shares 2014 as
held as % total
at 31 voting
March rights
2014
David French, January 15 461 461 4.52 - 159,482 0.1%
President and
Chief Executive January 31 576 576 4.27 -
Officer February 14 522 522 4.35 -
February 28 466 466 4.87 -
March 14 420 420 5.41 -
March 31 426 426 5.32 -
Douglas C. Urch January 15 305 305 4.52 437 760,454 0.3%
- Executive
Vice President, January 31 381 381 4.27 490
Finance and
Chief Financial February 14 344 344 4.35 482
Officer
February 28 308 308 4.87 478
March 14 278 278 5.41 457
March 31 281 281 5.32 513
Suneel Gupta - January 15 305 305 4.52 437 472,343 0.2%
Executive Vice
President and January 31 381 381 4.27 490
Chief Operating
Officer February 14 344 344 4.35 482
February 28 308 308 4.87 478
March 14 278 278 5.41 457
March 31 281 281 5.32 513
(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.
It is expected that the next quarterly announcement in respect of purchases
under the ESSP will be made on or around July 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
(BNK. BNK)
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