26th Mar 2013 08:00
BANKERS PETROLEUM LIMITED - Director and Executive Officer ShareholdingBANKERS PETROLEUM LIMITED - Director and Executive Officer Shareholding
PR Newswire
London, March 26
AIM: BNK
Bankers Petroleum Ltd. ("Bankers" or the "Company")
Director and Executive Officer Shareholding
The Company announces that on March 21, 2013 it granted the following stockoptions, all of which are exercisable into common shares of the Company at aprice of Cdn$2.92 per share, to Directors and Executive Officers of theCompany, in accordance with the Company's Employee Stock Option Plan:
Name No. of Options Granted Abdel F. (Abby) Badwi 828,000President, Chief Executive Officerand Vice Chair Ian McMurtrie 112,000Director Douglas C. Urch 112,000Executive Vice President, Financeand Chief Financial Officer Suneel Gupta 28,000Executive Vice President and ChiefOperating Officer David French, 2,000,000President and Chief ExecutiveOfficer (effective April 1, 2013)The options will expire on March 20, 2018 and are subject to the followingvesting provisions: one-third shall vest and become exercisable immediately;one-third shall vest and become exercisable on each of the first and secondanniversaries of the date of grant.
The Company announces that on March 21, 2013 it granted the followingperformance share purchase warrants to an Executive Officer of the Company,which are exercisable into common shares of the Company at an exercise price ofCdn$2.92 per share as set forth below:
Name No. of Warrants Granted David French, 600,000President and Chief ExecutiveOfficer (effective April 1, 2013)The share purchase warrants will expire on March 20, 2016 and are subject tothe following vesting provisions: one-third shall vest and become exercisablewhen the shares of the Company are trading at a price of Cdn$4.00 per share andabove; one-third shall vest and become exercisable when the shares of theCompany are trading at a price of Cdn$4.50 per share and above; and one-thirdshall vest and become exercisable when the shares of the Company are trading ata price of Cdn$5.00 per share and above.
As at March 21, 2013, the Company had 253,871,984 issued and outstanding commonshares.
For further information, contact:Doug UrchExecutive Vice President, Finance and Chief Financial OfficerPh: (403) 513-2691 Email: [email protected]: 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 0200Related Shares:
BNK.L