9th Nov 2012 15:16
9 November 2012
Exercise of Option by Director under Sterling's Long Term Incentive Plan
Sterling Energy Plc ("Sterling" or the "Company") announces that Mr. Alastair Beardsall, Chairman of Sterling, has today exercised his option to acquire 562,500 Ordinary Shares of 40p each ("Ordinary Shares") in the Company at an exercise price of 40p per share.
Application has been made for the 562,500 new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). The new Ordinary Shares to be issued will rank pari passu with the Company's existing Ordinary Shares and dealing in the new Ordinary Shares is expected to commence on AIM on 16 November 2012.
After Admission the total issued share capital of the Company will be 220,053,020 Ordinary Shares.
Following the exercise of this option Mr. Beardsall holds an interest in 1,062,500 Ordinary Shares representing 0.5 per cent of the issued share capital of the Company.
Further information:
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Sterling Energy Plc | (+44 20 7405 4133) |
Alastair Beardsall, Chairman Angus MacAskill, Chief Executive Philip Frank, Exploration Director
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Liberum Capital | (+44 20 3100 2222) |
Simon Atkinson Tim Graham
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Peel Hunt LLP | (+44 20 7418 8900) |
Andy Crossley Richard Crichton |
Related Shares:
SEY.L