TIDMALK

RNS Number : 2480M

Alkane Energy PLC

05 May 2015

5 May 2015

Alkane Energy plc

("Alkane" or "the Group")

Grant of SAYE Share Options

Alkane Energy plc announces that on 5 May 2015 share options were granted under the Alkane Energy plc Sharesave Scheme.

A total of 1,254,631 options over ordinary shares of 0.5p each were granted with a contract start date of 1 June 2015 ("Options"). The maturity date of the Options is 1 June 2018, and the option price, which was set in accordance with HMRC rules for approved sharesave plans, is 16.8p. The allocation of Options was made available to all Group employees, and amounted to 0.77% of the Company's issued share capital. The following directors were granted Options:

 
                      Share options      Options      Share options      Share options 
                      and performance     granted     and performance    and performance 
                        shares held      under the      shares held        shares held 
                         prior to        Sharesave       after the           as % of 
                         the grant        Scheme           grant          issued share 
                                                                             capital 
------------------  -----------------  -----------  -----------------  ----------------- 
 Neil O'Brien 
  Chief Executive 
  Officer               3,780,524        107,142        3,887,666            2.40% 
------------------  -----------------  -----------  -----------------  ----------------- 
 Carl Kameen 
  Finance 
  Director               638,246          75,000         713,246             0.44% 
------------------  -----------------  -----------  -----------------  ----------------- 
 Steve Goalby 
  Director 
  & Company 
  Secretary             1,406,560        107,142        1,513,702            0.93% 
------------------  -----------------  -----------  -----------------  -----------------

Neil O'Brien's current shareholding is 1,121,840 ordinary shares of 0.5p each, representing approximately 0.69% of the existing issued share capital.

Carl Kameen's current shareholding is 38,548 ordinary shares of 0.5p each, representing approximately 0.02% of the existing issued share capital.

Steve Goalby's current shareholding is 1,074,381 ordinary shares of 0.5p each, representing approximately 0.66% of the existing issued share capital.

For more information please contact:

 
 Alkane Energy plc 
  Neil O'Brien, Chief 
  Executive Officer 
  Steve Goalby, Director 
  & Company Secretary       01623 827927 
 Liberum 
  Clayton Bush 
  Joshua Hughes             020 3100 2000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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