18th Jan 2005 17:01
D1 Oils Plc18 January 2005 Grant of Share Options to Philip Wood D1 Oils plc granted a share option to Mr Philip Wood, the Chief ExecutiveOfficer, on 13 January 2005. The option was granted pursuant to the rules of the D1 Oils Share Option Plan. The option is in respect of 888,373 ordinary shares. The option exercise priceis £1.60 per share, which is the same as the original price at which theCompany's shares were admitted to AIM. The option is subject to a Performance Target. The target requires achievementof an average share price that is 10% above the admission price over a period of60 consecutive dealing days before the option can be exercised. Mr Wood has agreed to pay any Employers' NICs arising from the exercise of thisoption. Following the grant of this option, Mr Wood's revised interest in the Company'sshares is in respect of 1,795,747 shares of which 1,122,747 are subject to shareoptions. Enquiries: Alex WorrallCompany SecretaryD1 Oils plc07880 793965 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NEOS.L