15th May 2008 14:45
Island Oil & Gas plc
Grant of Share Options
Island Oil & Gas plc ("Island" or the "Company") (LSE:IOG) announces that 1,000,000 Share Options (the "Options") have been granted by the Company at an exercise price of £0.30 pence per share. The Options may be exercised in whole or in part at any time up to 13 May 2015.
The number of Options granted are as follows:
|
Paul Griffiths - Executive |
475,000 |
|
Bryan Benitz - Non-Executive |
225,000 |
|
Carl Kindinger - Non-Executive |
225,000 |
|
Karl Prenderville - Executive |
425,000 |
As a result of the Options granted, the total number of Options over ordinary shares held by Directors is 3,400,000 and divided between Directors as follows:
|
Paul Griffiths - Executive |
1,475,000 |
|
Bryan Benitz - Non-Executive |
775,000 |
|
Carl Kindinger - Non-Executive |
475,000 |
|
Karl Prenderville - Executive Director |
675,000 |
15 May 2008
Further information:
Island Oil & Gas plc
Paul Griffiths
Karl Prenderville Tel: +353 1 6313755
www.islandoilandgas.com
Davy (NOMAD and broker)
Anthony Farrell Tel: +353 1 679 6363
Landsbanki (UK broker)
Simon Robinson Tel: +44 (0)207 426 9000
College Hill (Financial PR)
Paddy Blewer Tel: +44 (0)20 7457 2020
Nick Elwes
Related Shares:
IOG.L