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Grant of Share Options

11th Oct 2011 07:00

RNS Number : 9192P
Sefton Resources Inc
11 October 2011
 

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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