11th Oct 2011 07:00
Sefton Resources, Inc.
("Sefton" or the "Company")
Grant of Share Options
Sefton Resources, Inc. (AIM: SER), the independent exploitation and production company with assets in the East Ventura Basin of California and the Forest City Basin of Eastern Kansas, is pleased to announce that the Compensation Committee of the Board has approved the grant to certain of its directors of options ("Options") over 5,500,000 ordinary shares of nil par value in the share capital of the Company ("Ordinary Shares"). The Options have an exercise price of 3.5 pence per Ordinary Share, have a term of 10 years beginning 27 September 2011 and vest over a three year period.
The number of Options granted, together with the resultant beneficial interests of the directors in the ordinary share capital of the Company, is as follows:
No. of Options awarded |
Total No. of Options held following the award |
No. of Ordinary Shares currently held |
No. of Ordinary Shares currently held as a percentage of the Company's issued share capital | |
Jim Ellerton, Executive Chairman |
2,500,000 |
12,116,667 |
26,710,552
|
7.6% |
Karl F. Arleth, CEO |
2,000,000 |
6,000,000 |
6,153,519
|
1.8% |
Mark Smith, Director |
1,000,000 |
4,000,000 |
2,080,240
|
0.60% |
The Compensation Committee has also approved the grant of options which have been granted to certain key employees and consultants of the Company over a further 9,000,000 Ordinary Shares, on the same terms as the Options.
For further information please visit www.seftonresources.com
or contact:
Jim Ellerton, Executive Chairman | Tel: 001(303) 759 2700 |
Karl Arleth, CEO and President | Tel 001 (303) 759 2700 |
Dr Michael Green, Investor Relations | Tel: 0207 448 5111 |
Louis Castro / Rod Venables, Northland Capital Partners Limited (Nominated Adviser) Charles Vaughan, Northland Capital Partners Limited (Corporate Broking) | Tel: 0207 796 8800
Tel: 0207 796 8800 |
Neil Badger, Dowgate Capital Stockbrokers (Broker) | Tel: 01293 517744 |
Alex Walters, Cadogan PR | Tel: 07771 713608 |
Related Shares:
SER.L