28th May 2012 07:00
28 May 2012
Forum Energy Plc
("Forum" or the "Company")
Exercise of Options
The Board of Forum announces that certain Directors and an employee exercised options over 1,760,000 ordinary shares of 10p each in the Company ("Ordinary Shares") on 25 May 2012, which the Company has now allotted. These shares will rank pari passu with the existing Ordinary Shares.
The options were granted under Forum's 2005 Share Option Plan.
Application has been made for these Ordinary Shares to be admitted to trading on AIM on 31 May 2012.
Following this issuance, the Company will have 35,124,533 ordinary shares of 10p each in issue.
The following options have been exercised by Directors of Forum:
Name | Number of Ordinary Shares over which options exercised | Exercise price | Number of Ordinary Shares held post exercise of options | % of total enlarged issued Ordinary Share capital |
Walter Brown |
1,000,000 |
£0.31 |
1,000,000 |
2.85% |
Andrew Mullins |
500,000 |
£0.31 |
500,000 |
1.42% |
Barry Stansfield |
200,000 |
£0.31 |
200,000 |
0.57% |
For further information please contact:
Forum Energy Plc: | |
Andrew Mullins | Tel: +44 (0)1932 445 344 |
Executive Director | |
Execution Noble & Company Ltd | |
Harry Stockdale | Tel: +44 (0) 20 3429 1428 |
Or visit Forum's website:
www.forumenergyplc.com
Related Shares:
Lfeaccetfusd