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TIDMSOLO
RNS Number : 7884F
Solo Oil Plc
20 June 2012
20 June 2012
Solo Oil Plc
("Solo" or "the Company")
Issue of Options
Solo Oil Plc announces that it has issued options over a total of 28 million new ordinary shares of 0.01p each in the Company at an exercise price of 0.5p per share (compared to the latest mid market price on AIM of 0.43 p). These options will vest immediately and will expire on 31 December 2015.
The options represent in aggregate 1.08% of the existing issued share capital and have been issued to the Directors as follows:.
Name Options Existing Ordinary Total % of issued
issued options shares share capital
------------- ----------- ----------- ----------- ----------- ---------------
D. Lenigas 12,500,000 77,500,000 2,850,000 92,850,000 3.58%
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N. Ritson 12,500,000 40,000,000 21,000,000 73,500,000 2.87%
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S. Barblett 3,000,000 11,250,000 600,000 14,850,000 0.57%
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For further enquiries:
Solo Oil PLC
David Lenigas/Neil Ritson +44 (0) 20 7440 0640
Beaumont Cornish - Nominated Adviser
Roland Cornish +44 (0) 20 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
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