30th Mar 2007 10:29
Matra Petroleum PLC30 March 2007 PRESS RELEASE For immediate release: 30th March 2007 Matra Petroleum plc Matra issues Director/Employee options The board of Matra Petroleum plc (Matra) has, on the basis of the recommendationof the Remuneration Committee, awarded the following options to buy ordinaryshares in Matra to the following Directors and employees: Peter Hind - Managing Director 5,000,000 options exercisable at 4.5pNeil Hodgson - Exploration Director 3,000,000 options exercisable at 4.5p All of the above options are subject to the successful completion of theacquisition of OOO Arkhangelovskoe and the placement of shares toDelek-International Energy Ltd as outlined in the announcement dated 29th March2007. 50% of the options are exercisable 12 months after issue and are subjectto completion of an exploration well in Arkhangelovskoe License. Andrew Smith - Finance Manager and Company Secretary 500,000 options exercisable at 4.5p 300,000 are exercisable 12 months after the date of grant and 200,000 areexercisable 24 months after the date of grant. For further information, please contact: Matra Petroleum www.matrapetroleum.comPeter Hind, Managing Director +44 (0)7990 807 855 Aquila Financial Limited www.aquila-financial.comPeter Reilly +44 (0)20 7202 2601 Matra's Nominated Advisor is RFC Corporate Finance Ltd - Contact: Steve Allen +61894802500 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MTA.L