Become a Member

Track your favourite stocks
Create & monitor portfolios
Daily portfolio value

Company	Chg	Chg %
Quickpicks
£	%
Add shares to your quickpicks to display them here!

Bankers Employee Stock Savings Plan Quarterly Update

5th Apr 2016 07:00

BANKERS PETROLEUM LIMITED - Bankers Employee Stock Savings Plan Quarterly Update

PR Newswire

London, April 5

April 5, 2016

AIM: BNK

Bankers Petroleum Ltd. (“Bankers Petroleum” or the “Company”)

Employee Stock Savings Plan Quarterly Update

Further to the Company's announcement of January 16, 2013 regarding the implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum announces that during the quarter ending March 31, 2016, the following purchases were made by senior employees:

Name	Date of Purchase	Number of Common Shares Purchased	Employer’s Contribution(1)	Purchase Price (Cdn. $)	Employer’s Contribution Vested(2)	Resulting Number of Common Shares held as at 31 March 2016	Resulting Holding as at 31 March 2016 as % total voting rights
David French, President and Chief Executive Officer	January 15	3,006	1,503	0.75	944	257,433	0.1%
	January 30	2,598	1,299	0.87	834
	February 13	2,817	1,409	0.80	678
	February 27	2,452	1,226	0.92	779
	March 13	2,099	1,050	1.07	936
	March 31	1,226	613	1.83	864

Douglas C. Urch, Executive Vice President, Finance and Chief Financial Officer	January 15	1,984	992	0.75	623	1,093,014	0.4%
	January 30	1,715	858	0.87	550
	February 13	1,861	931	0.80	448
	February 27	1,618	809	0.92	514
	March 13	1,386	693	1.07	618
	March 31	809	405	1.83	571

Suneel Gupta, Executive Vice President and Chief Operating Officer	January 15	1,985	993	0.75	623	597,209	0.2%
	January 30	1,715	858	0.87	551
	February 13	1,860	930	0.80	447
	February 27	1,619	810	0.92	514
	March 13	1,385	693	1.07	619
	March 31	810	405	1.83	571

These shares are the matching shares purchased by the Company, which shall vest to the shareholder twelve months from the date of purchase, provided the shareholder is still an employee of the Company. As of January 1, 2016 the Company’s matching shares were reduced from 100% to 50% of the employees purchase amount. These shares are the matching shares purchased by the Company twelve months ago and are now vested to the shareholder.

As previously announced, under the ESSP, employees may use up to 10% of their salary (matched equally by the Company) to purchase Bankers Petroleum shares on the Toronto Stock Exchange, on each pay period (midmonth and month-end). David French, Douglas Urch and Suneel Gupta elected to participate in the plan, with a participation level of 10% of each of their respective salaries.

It is expected that the next quarterly announcement in respect of purchases under the ESSP will be made on or around July 1, 2016.

For further information, contact:

Doug UrchExecutive VP, Finance and Chief Financial OfficerPh: (403) 513-2691Email: [email protected]Website: www.bankerspetroleum.com

AIM NOMAD:Canaccord Genuity LimitedHenry Fitzgerald-O’Connor+44 0 207 523 8000

AIM BROKER:FirstEnergy Capital LLPHugh Sanderson / David van Erp+44 0 207 448 0200

Related Shares:

FTSE 100 Latest

Value8,275.66

Change0.00