22nd Jun 2007 15:00
Afren PLC22 June 2007 Afren plc ('Afren' or 'the Company') Award of Shares and Options The Company announces that on Thursday 21 June 2007 the Board of Directorsapproved the following share option award over ordinary shares of 1p each ("Ordinary Shares") in the Company for nil consideration under the Afren plc Share Option Scheme: Director Number of Share Options Total Number of Awarded Thursday 21 June Director's Options following this notification John St John 400,000 400,000Peter Bingham 145,000 400,000Guido Pas 145,000 400,000 The newly awarded share options have an exercise price of 70p. The options areexercisable from the date of award for 10 years. The Company also announces that on 21 June 2007 it allotted conditional toadmission, the equivalent of £1.27 million in Ordinary Shares to EnergyInvestment Holdings, representing a milestone payment in relation to the OkoroSetu Project, in compensation for securing certified reserves for the Company. Enquiries Osman ShahenshahChief Executive OfficerAfren plc + 44 20 7182 1800 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AFR.L