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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nostra Terra Oil And Gas Company Plc | LSE:NTOG | London | Ordinary Share | GB00BZ76F335 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.1025 | 0.10 | 0.105 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 4.02M | -546k | -0.0007 | -1.43 | 746.52k |
TIDMNTOG
RNS Number : 6620V
Nostra Terra Oil & Gas Company PLC
30 October 2014
AIM: NTOG
30 October 2014
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Grant of Performance-Related Options
On 29 October 2014, the Board of Nostra Terra, the AIM quoted oil and gas company with a growing portfolio of assets in production and development in the USA, agreed, in accordance with the Company's ongoing director incentivisation scheme, to award 90,000,000 performance-related options ("Options") to the Directors.
The total numbers of Options granted to each of Matt Lofgran (Chief Executive Officer), Alden McCall (Chief Operating Officer) and Stephen Oakes (Non-Executive Director), together with the vesting conditions, are as follows:
No. of Options granted and vesting Total number conditions of Options granted (A) (B) (C) ------------ ------------ ----------- ------------- Matt Lofgran 15,000,000 10,000,000 15,000,000 40,000,000 ------------ ------------ ----------- ------------- Alden McCall 15,000,000 10,000,000 15,000,000 40,000,000 ------------ ------------ ----------- ------------- Stephen Oakes 3,750,000 2,500,000 3,750,000 10,000,000 ------------ ------------ ----------- -------------
The Options granted pursuant to vesting condition:
(A) shall vest immediately upon grant;
(B) shall vest subject to certain performance criteria relating to the spudding of a well on the Company's White Buffalo project; and
(C) shall vest subject to the Company's mid-market share price closing at 1.0p or above for a minimum of ten consecutive business days.
All of the Options are exercisable at 0.4 pence per share and, subject to the attaching vesting conditions, are exercisable for a ten year period from the date of grant.
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas Company plc
Matt Lofgran, CEO
mlofgran@ntog.co.uk Telephone: +1 480 993 8933
Northland Capital Partners Ltd
(Nominated Adviser)
Matthew Johnson / Lauren Kettle Telephone: +44 (0)20 7382 1100
Hume Capital Securities plc
(Broker)
Jon Belliss / Abigail Wayne Telephone: +44 (0)20 3693 1470
Lothbury Financial Services Limited
Gary Middleton / Michael Padley Telephone: +44 (0)20 3440 7620
This information is provided by RNS
The company news service from the London Stock Exchange
END
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