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Q4 Employee Stock Savings Plan Quarterly Update

6th Jan 2016 07:00

BANKERS PETROLEUM LIMITED - Q4 Employee Stock Savings Plan Quarterly Update

PR Newswire

London, January 5

January 5, 2016

AIM: BNKBankers Petroleum Ltd. (“Bankers Petroleum” or the “Company”)Employee Stock Savings Plan Quarterly Update

Further to the Company's announcement of January 16, 2013 regarding the implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum announces that during the quarter ending December 31, 2015, the following purchases were made by senior employees:

Name	Date of Purchase		Number of Common Shares Purchased	Employer’s Contribution(1)	Purchase Price ($Cdn.)	Employer’s Contribution Vested(2)	Resulting Number of Common Shares held as at 31 December 2015	Resulting Holding as at 31 December 2015 as % total voting rights
David French, President and Chief Executive Officer		October 15	1,005	1,005	2.36	548	218,200	0.1%
		October 31	1,109	1,109	2.13	537
		November 15	1,155	1,155	2.05	511
		November 30	1,563	1,563	1.51	657
		December 15	2,492	2,492	0.95	847
		December 31	2,331	2,331	1.02	726

Douglas C. Urch - Executive Vice President, Finance and Chief Financial Officer		October 15	663	663	2.36	361	1,060,317	0.4%
		October 31	732	732	2.13	355
		November 15	763	763	2.05	338
		November 30	1,032	1,032	1.51	433
		December 15	1,646	1,646	0.95	560
		December 31	1,539	1,539	1.02	480

Suneel Gupta - Executive Vice President and Chief Operating Officer		October 15	663	663	2.36	361	484,510	0.2%
		October 31	732	732	2.13	355
		November 15	763	763	2.05	338
		November 30	1,032	1,032	1.51	433
		December 15	1,646	1,646	0.95	560
		December 31	1,539	1,539	1.02	480

(1) These shares are the matching shares purchased by the Company, which shall vest to the shareholder twelve months from the date of purchase, provided the shareholder is still an employee of the Company.

(2) These shares are the matching shares purchased by the 2.Company twelve months ago and are now vested to the shareholder.

As previously announced, under the ESSP, employees may use up to 10% of their salary (matched equally by the Company) to purchase Bankers Petroleum shares on the Toronto Stock Exchange, on each pay period (mid-month and month-end). David French, Douglas Urch and Suneel Gupta elected to participate in the plan, with a participation level of 10% of each of their respective salaries.

It is expected that the next quarterly announcement in respect of purchases under the ESSP will be made on or around April 4, 2016.

For further information, contact:Doug UrchExecutive VP, Finance and Chief Financial OfficerPh: (403) 513-2691Email: [email protected]Website: http://www.bankerspetroleum.com/

AIM NOMAD:Canaccord Genuity LimitedHenry Fitzgerald-O’Connor Wei Loon Yap+44 0 207 523 8000

AIM BROKER:FirstEnergy Capital LLPHugh Sanderson / David van Erp+44 0 207 448 0200

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