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Directors' Dealings

4th Oct 2011 12:29

RNS Number : 5231P
Leni Gas & Oil PLC
04 October 2011
 



For immediate release 4 October 2011

 

LENI GAS & OIL PLC

("LGO" or the "Company")

Directors' Dealings

The Company was informed today that David Lenigas, Chairman, on 3 October 2011 purchased 3 million ordinary shares of 0.05p each in the Company at a price of 1.26 pence per share. This purchase takes Mr Lenigas's total holding to 135 million ordinary shares, representing 14.69% of the total issued share capital.

Mr Lenigas also holds 8 million options to subscribe for ordinary shares in the Company at an exercise price of 3 pence that expire on 16 March 2012.

In addition, the Company was informed today that Neil Ritson, Director, today purchased 5 million ordinary shares of 0.05p each in the Company at a price of 1.25 pence per share. This purchase takes Mr Ritson's total holding to 12.5 million ordinary shares, representing 1.36% of the total issued share capital.

Mr Ritson also holds 25 million options to subscribe for ordinary shares in the Company that expire on 18 November 2013 at the following exercise prices:

Options granted

Exercise price per share

10 million

3 pence

5 million

4 pence

5 million

5 pence

5 million

6 pence

 

 

In addition, Mr Ritson will be granted 20 million ordinary shares upon the Company share price reaching 20 pence prior to 31 December 2012.

Enquiries

 

Leni Gas & Oil plc

David Lenigas

Neil Ritson

+44 (0)20 7440 0645

 

 

Beaumont Cornish Limited

Rosalind Hill Abrahams

Roland Cornish

+44(0) 20 7628 3396

 

Panmure Gordon

Katherine Roe

Hannah Woodley

+44 (0) 20 7459 3600

 

Shore Capital

Pascal Keane

Jerry Keen

+44 (0) 20 7408 4090

Pelham Bell Pottinger

Mark Antelme

Henry Lerwill

+44 (0) 20 7861 3232

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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