Become a Member

Track your favourite stocks
Create & monitor portfolios
Daily portfolio value

Company	Chg	Chg %
Quickpicks
£	%
Add shares to your quickpicks to display them here!

Employee Stock Savings Plan Quarterly Update

6th Oct 2015 18:28

BANKERS PETROLEUM LIMITED - Employee Stock Savings Plan Quarterly Update

PR Newswire

London, October 6

October 6, 2015

AIM: BNK

Bankers Petroleum Ltd. (“Bankers Petroleum” or the “Company”)

Employee Stock Savings Plan Quarterly Update

Further to the Company's announcement of January 16, 2013 regarding the implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum announces that during the quarter ending September 30, 2015, the following purchases were made by senior employees:

Name	Date of Purchase	Number of Common Shares Purchased	Employer’s Contribution(1)	Purchase Price (Cdn. $)	Employer’s Contribution Vested(2)	Resulting Number of Common Shares held as at 30 September 2015	Resulting Holding as at 30 June 2015 as % total voting rights
David French, President and Chief Executive Officer	July 15	809	809	2.92	414	204,719	0.1%
	July 31	940	940	2.52	380
	August 15	1,025	1,025	2.31	360
	August 31	1,023	1,023	2.31	345
	September 15	1,225	1,225	1.93	391
	September 30	1,338	1,338	1.77	411

Douglas C. Urch - Executive Vice President, Finance and Chief Financial Officer	July 15	534	534	2.92	273	1,051,416	0.4%
	July 31	621	621	2.52	252
	August 15	677	677	2.31	238
	August 31	675	675	2.31	228
	September 15	809	809	1.93	258
	September 30	883	883	1.77	272

Suneel Gupta - Executive Vice President and Chief Operating Officer	July 15	534	534	2.92	273	475,609	0.2%
	July 31	621	621	2.52	252
	August 15	677	677	2.31	238
	August 31	675	675	2.31	228
	September 15	809	809	1.93	258
	September 30	883	883	1.77	272

These shares are the matching shares purchased by the Company, which shall vest to the shareholder twelve months from the date of purchase, provided the shareholder is still an employee of the Company. These shares are the matching shares purchased by the Company twelve months ago and are now vested to the shareholder.

As previously announced, under the ESSP, employees may use up to 10% of their salary (matched equally by the Company) to purchase Bankers Petroleum shares on the Toronto Stock Exchange, on each pay period (midmonth and month-end). David French, Douglas Urch and Suneel Gupta elected to participate in the plan, with a participation level of 10% of each of their respective salaries.

It is expected that the next quarterly announcement in respect of purchases under the ESSP will be made on or around January 4, 2016.

For further information, contact:

Doug UrchExecutive VP, Finance and Chief Financial OfficerPh: (403) 513-2691

Email: [email protected]

Website: http://www.bankerspetroleum.com/

AIM NOMAD:

Canaccord Genuity LimitedHenry Fitzgerald-O’Connor/Wei Loon Yap+44 0 207 523 8000

AIM BROKER:

FirstEnergy Capital LLPHugh Sanderson / David van Erp+44 0 207 448 0200

Related Shares:

FTSE 100 Latest

Value8,275.66

Change0.00