7th Apr 2015 05:37
LONDON (Alliance News) - Amerisur Resources PLC late Thursday said it plans to revise a long-term incentive plan detailed earlier this year after holding talks with key shareholders.
The news comes after the company's remuneration committee in February granted options over 25.5 million new shares to directors, together comprising a 2.96% of Amerisur's shares in issue at the time.
In a statement after the market close on Thursday, the oil and gas producer and explorer, which is focused on South America, said that it had taken part in a "thorough consultation process" with its "significant shareholders and their corporate governance departments" before deciding on making changes to the long-term incentive awards.
The company was represented by Stephen Foss, its senior independent director, in the talks with key investors.
The company's remuneration committee, which is chaired by Foss, "intends to revise" the long-term incentive plan awards after it reports financial results for 2014 on Wednesday.
Amerisur Resources shares closed down 6.8% at 20.50 pence on Thursday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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