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RNS Number : 1756E
Forum Energy Plc
28 May 2012
28 May 2012
Forum Energy Plc
("Forum" or the "Company")
Exercise of Options
The Board of Forum announces that certain Directors and an employee exercised options over 1,760,000 ordinary shares of 10p each in the Company ("Ordinary Shares") on 25 May 2012, which the Company has now allotted. These shares will rank pari passu with the existing Ordinary Shares.
The options were granted under Forum's 2005 Share Option Plan.
Application has been made for these Ordinary Shares to be admitted to trading on AIM on 31 May 2012.
Following this issuance, the Company will have 35,124,533 ordinary shares of 10p each in issue.
The following options have been exercised by Directors of Forum:
Name Number of Exercise Number of % of total
Ordinary Shares price Ordinary enlarged
over which Shares held issued Ordinary
options exercised post exercise Share capital
of options
Walter Brown 1,000,000 GBP0.31 1,000,000 2.85%
Andrew Mullins 500,000 GBP0.31 500,000 1.42%
Barry Stansfield 200,000 GBP0.31 200,000 0.57%
For further information please
contact:
Forum Energy Plc:
Andrew Mullins Tel: +44 (0)1932 445 344
Executive Director
Execution Noble & Company Ltd
Harry Stockdale Tel: +44 (0) 20 3429 1428
Or visit Forum's website:
www.forumenergyplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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