20th Apr 2006 16:17
Burren Energy PLC20 April 2006 20 April 2006 Burren Energy plc ("The Company" or "Burren") Exercise of Options and sale of shares The Company was informed today that on 19 April 2006 and 20 April 2006 certaindirectors of the company sold ordinary shares in the company at an average priceof 978p per share as follows : Name: No. of Ordinary Shares: Atul Gupta 235,308Andrew Rose 230,000Hywel John 165,000 The shares sold by Atul Gupta were issued to him on 19 April 2006 following theexercise of an option over 235,308 ordinary shares at an exercise price of $0.80per share. The shares sold by Andrew Rose were issued to him on 20 April 2006following the call of an award for 276,929 shares under the Company's formerlong term incentive plan ("LTIP"). The shares sold by Hywel John were issued tohim on 19 April 2006 following the exercise of an option over 200,000 ordinaryshares at an exercise price of $1.20 per share. In each case a significantproportion of the proceeds of sale will be used to satisfy income taxliabilities arising from the exercise of the options or the call of the award. The new shares issued pursuant to the exercise of options and LTIP will beadmitted to the Official List and to trading on the London Stock Exchange'smarket for listed securities pursuant to the Company's existing block listingauthority. Following the sale of ordinary shares referred to above, the interests ofmanagement in the issued share capital and the fully diluted share capital ofthe Company are as follows: Name No. of Ordinary shares % of issued share No of shares under % of fully diluted capital option / deferred shares share capital Atul Gupta 187,510 0.12 692,958 0.60Andrew Rose 156,681 0.11 664,758 0.54Hywel John 151,646 0.11 159,946 0.21Finian O'Sullivan 5,321,020 3.78 554,766 4.08 Enquiries: Andrew RoseChief Financial OfficerBurren Energy plc 020 7484 1900 Jonathan Wright / Richard RedmayneSeymour Pierce 020 7107 8000 James Henderson / Alisdair HaythornthwaitePelham PR 020 7743 6676 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Burford Capital