9th Oct 2006 11:24
Gold Oil PLC09 October 2006 FOR IMMEDIATE RELEASE 9th October 2006 Gold Oil plc Issue of Warrants to Directors and Staff Directors' Dealings Gold Oil Plc ("The Company") announces the issue to its Directors and stafftwenty two (22) million warrants to purchase 0.025p Ordinary Shares of theCompany. The warrants are distributed as follows: +-------------------------+------------+ |Michael Norman Burchell | 5,400,000| +-------------------------+------------+ |John Gary Moore | 10,000,000| +-------------------------+------------+ |Staff | 6,600,000| +-------------------------+------------+ The warrants are open to exercise on or before 6th October 2009 at asubscription price of 9.00p per share. The warrants have been issued as acontinuation of the Board's policy of providing performance based incentives. Following the recent exercise of warrants, Mr. Gary Moore has disposed of1,150,000 shares to leave the net increase in his holding of 1,150,000 shares.Mr. Moore's shareholding has increased to 21,150,000 shares, representing aholding of 5.05% of the Company's issued share capital. In addition, Non Executive Director Mr. Pat Mahony has disposed of 575,000shares following exercise of warrants and no longer has holding in the Company'sissued share capital. ENQUIRIES: Gary Moore Managing Director; Tel: 01737833597 Email: [email protected] Mike Burchell Chairman; Tel: 01372361772 Email: [email protected] Roland Cornish Beaumont Cornish Limited; Tel: 020 7628 3396 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BOIL.L