22nd Apr 2005 16:51
Gulfsands Petroleum PLC22 April 2005 GULFSANDS PETROLEUM PLC ("the Company") Exercise of Options The Company announces that, prior to their expiry on 25 May 2005, NordmanContinental SA ("Nordman") has exercised options over 437,500 ordinary shares inthe Company at an exercise price of US$0.197 per share. The resulting shares aresubject to the lock-in deed dated 4 April 2005 whereby Nordman has undertakento hold its interest in such shares at least until 8 April 2006, except incertain limited circumstances. Following the exercise of the options, Nordman now owns 6,744,375 ordinaryshares, representing 7.27% of the enlarged issued share capital of the Company. Application has been made for the new ordinary shares to be admitted to tradingon AIM and admission is expect to occur on 26 April 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Gulfsands Petroleum