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BNK Bankers Pet

125.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bankers Pet LSE:BNK London Ordinary Share CA0662863038 COM SHS NPV (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 125.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

BANKERS PETROLEUM LIMITED - Employee Stock Savings Plan Update

19/07/2016 7:00am

PR Newswire (US)


Bankers Pet (LSE:BNK)
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July 19, 2016

AIM: BNK

Bankers Petroleum Ltd. (“Bankers Petroleum” or the “Company”)

Employee Stock Savings Plan – July 15, 2016 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 period from July 1, 2016 to the period ending July 15, 2016, 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 15 July 2016 Resulting
Holding as at
15 July
2016 as
% total
voting rights
David French, President and Chief Executive
Officer
July 15 1,093 547 2.04 809 270,632 0.1%
Douglas C. Urch, Executive Vice President, Finance and Chief Financial Officer July 15 721 361 2.04 534 1,101,728 0.4%
Suneel Gupta, Executive Vice President and Chief Operating Officer July 15 722 361 2.04 535 605,924 0.2%
  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. As of January 1, 2016 the Company’s matching shares were reduced from 100% to 50% of the employees purchase amount.
  2. These shares are the matching shares purchased by the 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 (midmonth 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.

All further announcements regarding the senior employees’ participation in the ?ESSP will be announced within 3 business days of their occurrence and accordingly the next announcement is expected on 4 August or sooner, if required.

For further information, contact:

Doug Urch
Executive VP, Finance and Chief Financial Officer
Ph: (403) 513-2691
Email: investorrelations@bankerspetroleum.com
Website: http://www.bankerspetroleum.com/

AIM NOMAD:

Canaccord Genuity Limited
Henry Fitzgerald-O’Connor
+44 0 207 523 8000

AIM BROKER:

FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200

Copyright y 19 PR Newswire

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