30th May 2012 07:00
30 May 2012
MAPLE ENERGY PLC
("Maple" or the "Company")
Maple Announces Grant of Options
Maple Energy plc (AIM: MPLE, Lima: MPLE) an integrated energy company with assets in Peru, announces that its Board of Directors has authorized the issuance of options to acquire ordinary shares of US$0.01 each in the share capital of the Company to certain members of its executive team, in accordance with the Maple Energy plc Share Option Plan 2007, as amended.
Following this authorization, the Company issued options on 29 May 2012 to the following persons in the specified amounts at an exercise price of 65.5p per option, which vest equally over a three year period:
Executive | Position | Options |
Rex Canon | President, Chief Executive Officer and Executive Director
| 370,000 |
Tony Hines | Senior Vice President of Operations and Executive Director | 200,000 |
Guillermo Ferreyros | Vice President Marketing and Government Relations | 150,000 |
For further information, please contact:
Maple Energy plc (+ 51 1 611 4000)
Rex W. Canon, Chief Executive Officer, President and Executive Director
Cenkos Securities plc (+44 20 7397 8900)
Jon Fitzpatrick
Ken Fleming
Buchanan (+44 20 7466 5000)
Mark Edwards
Ben Romney
Related Shares:
MPLE.L