12th Apr 2005 17:49
Burren Energy PLC12 April 2005 Burren Energy plc ("Company") Directors' Shareholding The Company announces that certain directors of the Company have today soldordinary shares in the Company at a price of 530p per share as follows: Name No. of Ordinary Shares Brian Lavers 400,000Finian O'Sullivan* 500,000Atul Gupta 276,929Andrew Rose** 14,000 * Sold by Balor Holdings Limited in which Mr O'Sullivan has a controllingbeneficial interest ** Includes 7,000 shares sold by Mr Rose's wife. The shares sold by Mr Lavers were issued to him today following the exercise byhim of an option over 500,000 ordinary shares at an exercise price of $1.20 pershare. The shares sold by Mr Gupta were issued to him today following the callof an award under the Company's long term incentive plan ("LTIP"), The new shares issued pursuant to the exercise of the option and the LTIP willbe listed on the Official List and admitted to trading on the main market of theLondon Stock Exchange pursuant to the Company's existing block listingauthority. Following the sales of Ordinary Shares referred to above, the interests of BrianLavers, Finian O'Sullivan, Atul Gupta and Andrew Rose in the issued sharecapital of the Company are as follows: Name No. of Ordinary Shares Percentage of issued share capital Brian Lavers 100,000 0.07%Finian O'Sullivan 5,317,020 3.83%Atul Gupta 187,510 0.13%Andrew Rose 109,752 0.08% This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Burford Capital