RNS Number : 5171L
Nautical Petroleum PLC
13 January 2009
For immediate release 13 January 2009
Nautical Petroleum plc
("Nautical" or "the Company")
Directors Shareholding
Nautical Petroleum plc (AIM: NPE) the developer of heavy oil assets on the UKCS and in Europe today announces that on 12 January 2009
the Board of Nautical approved the grant of 395,000 options over the Ordinary shares in the Company, to certain Nautical Directors and key
employees of the Company.
This options granted follow a proposal to the Board of Nautical by the Company's Remuneration Committee following the committee meeting
on 19 December 2008. The share options granted to Directors are as follows:
Stephen Jenkins 150,000
Paul Jennings 125,000
Philip Dimmock 25,000
Patrick Kennedy 25,000
The options are to subscribe for new shares in the Company and the exercise price is 26.75 pence per share (being the middle market
quotation of the shares as derived from the Official List on the Grant Date).
The options may be exercised semi-annually, on a pro rata basis, over a 24-month period from 12 January 2009. All share options must be
exercised before 12 January 2017, failing which they will lapse.
After granting of the above share options the beneficial and other interests of the directors and their families in the shares of the
Company at 12 January 2009 are:
Ordinary shares number Share options number
Stephen Jenkins 876,096 975,000
Paul Jennings 876,096 700,000
Will Mathers Nil 100,000
Philip Dimmock Nil 225,000
Patrick Kennedy 75,000 225,000
S. Jenkins and P. Jennings hold part of their shareholding with OMX Securities Nominees Limited.
For further information please contact:
Nautical Petroleum plc 020 7550 4890
Steve Jenkins, Chief Executive Officer
Paul Jennings, Commercial Director
Will Mathers, Finance Director
Buchanan Communications 020 7466 5000
Ben Willey
Ben Romney
KBC Peel Hunt Ltd, Nominated Advisor and Broker 020 7418 8900
Jonathan Marren
Matt Goode
This information is provided by RNS
The company news service from the London Stock Exchange
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