2nd Feb 2006 11:24
Cardinal Resources plc02 February 2006 CARDINAL RESOURCES PLC ISSUES SHARE OPTIONS LONDON - Thursday, 2nd February 2006 Cardinal Resources plc (AIM:CDL) ("Cardinal" or "The Company"), an independentoil and gas production and exploration company operating in Ukraine, todayannounces that its Board of Directors has granted share options to Non-ExecutiveDirector Misbah Al Droubi. Mr. Al Droubi will have the right to purchase up to 125,000 Ordinary Shares atan exercise price of 30p per Ordinary Share, exercisable until 2nd February2011. The average closing price of Cardinal's shares for the previous threebusiness days was 30p. The options vest as to 1/3 on 2nd February 2007, 2008 and2009. The options have been granted in accordance with the terms and conditionsof the existing Share Option Scheme approved by shareholders on 9th March 2005. A total of 11,680,000 options are currently held by Directors and employeesunder the existing scheme. ### For further information please contact: Cardinal Resources Parkgreen CommunicationsKate Spiro Justine Howarth / Victoria Thomas+44 (0) 20 7936 5258 +44 (0) 20 7493 [email protected] [email protected] Notes to Editor Cardinal Resources plcCardinal Resources plc is an independent oil and gas production and explorationcompany with assets in Ukraine. Cardinal is an experienced operator in thecountry focused on expanding its existing operations through the farm-in oracquisition of additional upstream oil and gas assets that can be furtherdeveloped through the application of modern technology and expertise. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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