5th Apr 2006 07:01
BowLeven Plc05 April 2006 5 April 2006 BowLeven Plc ('the Company' or 'BowLeven') Cancellation of Options Following the announcement on 28 March 2006 of the issue of new share optionsand rebasing of existing share options, the Board of BowLeven has cancelled therebasing of the existing share options to existing employees of the Company andthe issue of new share options to existing employees. However, the issue of newshare options to the new employees who joined after 1 January 2006 will remainin place. Therefore the only options to be issued as announced on 28 March 2006 are over285,000 ordinary shares of 10 pence each in the Company (17,143 approved optionsand 267,857 unapproved options) to Jerry Anthony, the new Exploration Director,and a total of 34,286 approved options and 246,964 unapproved options to newemployees of the Company following their recent joining of the Company. Theseoptions have an exercise price of 175 pence per ordinary share There are a total of 1,669,235 options, representing 5.6% of the issued sharecapital, in issue to directors and employees over the ordinary shares of theCompany following this amendment. For further information contact: Terry Heneaghan, Executive Chairman, BowLeven Plc 0131 260 5100 Adam Westcott, Noble & Company Limited 0131 225 9677 Liz Morley, Maitland 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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