8th Apr 2005 11:29
Alkane Energy PLC08 April 2005 ALKANE ENERGY PLC GRANT OF OPTIONS 8 April 2005For immediate release Alkane Energy plc ("the Company") announces that on 8 April 2005, under theCompany's Post Admission Share Option Plan, the following directors were grantedoptions to subscribe for new ordinary shares in the Company at an exercise priceof 12.75p per share, being the closing mid-market price on 7 April 2005. Share options Share options Percentage of granted on outstanding issued share 8 April 2005 (all Plans) capital W C Davies 100,000 542,800 0.60% D R Oldham 100,000 554,200 0.62% S V Goalby 300,000 498,000 0.55% Total 500,000 1,595,000 1.77% The options granted on 8 April 2005 may normally be exercised between the thirdand tenth anniversary of the date of grant, and are conditional upon achieving arelative increase in the total shareholder return (TSR) of the Company comparedto that of AIM, according to the following scale: Year ended TSR relative Cumulative increase award target 31 December 2004 No target 50% 31 December 2006 0% to 5% 75% above 5% 100% - ENDS - For further information: Alkane Energy plcSteve Goalby, Finance Director 01623 827927 Buchanan CommunicationsEric Burns 01943 883990 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Alkemy Capital.