3rd Dec 2008 07:00
Island Oil & Gas plc
("Island" or the "Company")
Grant of Share Options
Island Oil & Gas plc ("Island" or the "Company") (LSE: IOG) announces that as part of its recently announced ongoing strategic review, that 975,000 Share Options (the "Options") have been granted by the Company at an exercise price of £0.105 pence per share. The Options may be exercised in whole or in part at any time up to 2 December 2015.
The number of Options granted are as follows:
|
Paul Griffiths - Executive |
275,000 |
|
Bryan Benitz - Non-Executive |
225,000 |
|
Carl Kindinger - Executive |
225,000 |
|
Adrian Doull - Non-Executive |
250,000 |
As a result of the Options granted, the total number of Options over ordinary shares held by Directors is 3,700,000 and divided between Directors as follows:
|
Paul Griffiths - Executive |
1,750,000 |
|
Bryan Benitz - Non-Executive |
1,000,000 |
|
Carl Kindinger - Executive |
700,000 |
|
Adrian Doull - Non-Executive |
250,000 |
3 December 2008
Further information:
|
Island Oil & Gas plc |
Tel: +353 1 6313755 |
|
Paul Griffiths |
|
|
Carl Kindinger |
|
|
www.islandoilandgas.com |
|
|
Davy (NOMAD and broker) |
Tel: +353 1 679 6363 |
|
Anthony Farrell |
|
|
College Hill (Financial PR) |
Tel: +44 (0)20 7457 2020 |
|
Paddy Blewer |
|
|
Nick Elwes |
Related Shares:
IOG.L