25th Apr 2006 18:01
Regal Petroleum PLC25 April 2006 For Immediate Release 25 April 2006 REGAL PETROLEUM PLC (the "Company") Purchase of Shares and Grant of Options The Company was notified last evening that on 21 April 2006, Mr Paul J Morgan,the Company's Chairman and Chief Executive Officer, purchased a total of 150,000ordinary shares of 5 pence each in the capital of the Company ("OrdinaryShares") at an average price of 86 pence each. Mr Morgan's shareholding in theCompany now stands at 250,000 Ordinary Shares, representing approximately 0.19per cent of the Company's issued Ordinary Share capital. In addition the Company's remuneration committee has granted options overOrdinary Shares pursuant to the Regal Petroleum Share Option Scheme to thefollowing Directors: Number of Exercise Date/condition from which Share Options Price exercisable------------ ---------- --------- --------------------Mr Paul J Morgan 2,000,000 £0.875 (i) 500,000 upon the Company's------------ ---------- --------- Ordinary Shares trading above £1.50 for 10 consecutive trading days, (ii) 500,000 upon the Company's Ordinary Shares trading above £2.50 for 10 consecutive trading days, (iii) 500,000 upon the Company's Ordinary Shares trading above £3.50 for 10 consecutive trading days and (iv) 500,000 upon the Company's Ordinary Shares trading above £4.50 for 10 consecutive trading days -------------------- Lord Anthony St 250,000 £0.875 24.11.06John of Bletso The above options represent all share options held by Mr Morgan. Lord St Johnholds an additional 500,000 share options so now has an aggregate of 750,000share options. Under the provisions of the Regal Petroleum Share Option Scheme, these optionswill lapse on 1 November 2014, unless previously lapsed or exercised. Further the Company's remuneration committee agreed to award 100,000 OrdinaryShares to Mr Paul J Morgan upon the Company's Ordinary Shares trading above£1.50 for 10 consecutive trading days, such award to be made from the Company'sEmployee Benefits Trust. For further information, please contact: Regal Tel: 020 7408 9500Paul Morgan - Chairman & CEO Buchanan Communications Tel: 020 7466 5000Bobby Morse / Ben Willey This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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