28th Jun 2006 08:17
Global Petroleum Ltd28 June 2006 Global Petroleum Limited 28 June 2006 Director / PDMR Shareholding Global Petroleum Limited announces that on Friday 23 June 2006 Dr JohnArmstrong, Executive Chairman sold a further one million ordinary shares of nopar value in the Company at 21p (A51.8 cents) per share. The shares, which DrArmstrong held in his own name represented 0.6% of the issued capital of theCompany. Following the sale Dr Armstrong holds 266,667 shares (0.15 %) in theCompany. The first sale of one million shares was announced 22 June 2006 and both salesresulted from the exercise of two million options by Dr Armstrong announced on15 May 2006. Dr Armstrong now holds eight million options at an exercise priceof 10p (A25 cents) which are due to expire 30 June 2007 and a further 10 millionoptions at an exercise price of 10p (A25 cents) due to expire 30 June 2008. Thelatter may only be exercised subject to the Company entering into certainProduction Sharing Agreements including satisfaction of conditions precedent. Des OllingCompany Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Global Petroleum