January 5, 2016
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 December 31, 2015, the following purchases were
made by senior employees:
|
Name |
Date of Purchase |
Number of Common Shares Purchased |
Employer’s
Contribution(1) |
Purchase Price
($Cdn.) |
Employer’s Contribution Vested(2) |
Resulting Number of Common Shares held as at 31 December
2015 |
Resulting
Holding as at
31 December
2015 as
% total
voting rights |
David French, President and Chief Executive
Officer |
October
15 |
1,005 |
1,005 |
2.36 |
548 |
218,200 |
0.1% |
| October
31 |
1,109 |
1,109 |
2.13 |
537 |
|
|
| November
15 |
1,155 |
1,155 |
2.05 |
511 |
|
|
| November
30 |
1,563 |
1,563 |
1.51 |
657 |
|
|
| December
15 |
2,492 |
2,492 |
0.95 |
847 |
|
|
| December
31 |
2,331 |
2,331 |
1.02 |
726 |
|
|
|
|
|
|
|
|
|
|
| Douglas C. Urch - Executive Vice President, Finance and
Chief Financial Officer |
October
15 |
663 |
663 |
2.36 |
361 |
1,060,317 |
0.4% |
| October
31 |
732 |
732 |
2.13 |
355 |
|
|
| November
15 |
763 |
763 |
2.05 |
338 |
|
|
| November
30 |
1,032 |
1,032 |
1.51 |
433 |
|
|
| December
15 |
1,646 |
1,646 |
0.95 |
560 |
|
|
| December
31 |
1,539 |
1,539 |
1.02 |
480 |
|
|
|
|
|
|
|
|
|
|
| Suneel Gupta - Executive Vice President and Chief Operating
Officer |
October
15 |
663 |
663 |
2.36 |
361 |
484,510 |
0.2% |
| October
31 |
732 |
732 |
2.13 |
355 |
|
|
| November
15 |
763 |
763 |
2.05 |
338 |
|
|
| November
30 |
1,032 |
1,032 |
1.51 |
433 |
|
|
| December
15 |
1,646 |
1,646 |
0.95 |
560 |
|
|
| December
31 |
1,539 |
1,539 |
1.02 |
480 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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
2.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 (mid-month 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 April 4, 2016.
For further information, contact:
Doug Urch
Executive VP, Finance and Chief Financial Officer
Ph: (403) 513-2691
Email: investorrelations@bankerspetroleum.com
Website: http://www.bankerspetroleum.com/
AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O’Connor Wei Loon Yap
+44 0 207 523 8000
AIM BROKER:
FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200