12th Sep 2014 16:48
LONDON (Alliance News) - Nostrum Oil & Gas PLC Friday said Chief Executive Kai-Uwe Kessel has exercised 200,000 options under its phantom option plan.
In a statement, the oil and gas exploration and production company, which has assets in North-Western Kazakhstan, put the value of the deal at GBP1.1 million.
It said the deal took place on Wednesday.
Nostrum Oil & Gas shares Friday closed up 1.3% at 769.50 pence.
By Samuel Agini; [email protected]; @samuelagini
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