Bankers Petroleum Limited Employee Stock Savings Plan Quarterly Update

 
TIDMBNK 
 
October 6, 2015 
 
AIM: BNK 
 
Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company") 
 
Employee Stock Savings Plan Quarterly 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 quarter ending September 30, 2015, the following 
purchases were made by senior employees: 
 
   Name      Date of   Number of  Employer's   Purchase   Employer's   Resulting   Resulting 
             Purchase   Common   Contribution   Price    Contribution  Number of  Holding as 
                        Shares       (1)       (Cdn. $)   Vested(2)     Common    at 30 June 
                       Purchased                                      Shares held  2015 as % 
                                                                       as at 30      total 
                                                                       September    voting 
                                                                         2015       rights 
 
David       July 15       809        809         2.92        414        204,719      0.1% 
French, 
President   July 31       940        940         2.52        380 
and Chief 
Executive   August 15    1,025      1,025        2.31        360 
Officer 
            August 31    1,023      1,023        2.31        345 
 
            September    1,225      1,225        1.93        391 
            15 
 
            September    1,338      1,338        1.77        411 
            30 
 
Douglas C.  July 15       534        534         2.92        273       1,051,416     0.4% 
Urch - 
Executive   July 31       621        621         2.52        252 
Vice 
President,  August 15     677        677         2.31        238 
Finance and 
Chief       August 31     675        675         2.31        228 
Financial 
Officer     September     809        809         1.93        258 
            15 
 
            September     883        883         1.77        272 
            30 
 
Suneel      July 15       534        534         2.92        273        475,609      0.2% 
Gupta - 
Executive   July 31       621        621         2.52        252 
Vice 
President   August 15     677        677         2.31        238 
and Chief 
Operating   August 31     675        675         2.31        228 
Officer 
            September     809        809         1.93        258 
            15 
 
            September     883        883         1.77        272 
            30 
 
 
 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. 
 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. 
 
It is expected that the next quarterly announcement in respect of purchases 
under the ESSP will be made on or around January 4, 2016. 
 
For further information, contact: 
 
Doug Urch 
Executive VP, Finance and Chief Financial Officer 
Ph: [phone] 
 
Email: [e-mail] 
 
Website: http://www.bankerspetroleum.com/ 
 
AIM NOMAD: 
 
Canaccord Genuity Limited 
Henry Fitzgerald-O'Connor/Wei Loon Yap 
[phone] 
 
AIM BROKER: 
 
FirstEnergy Capital LLP 
Hugh Sanderson / David van Erp 
[phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

October 06, 2015 13:28 ET (17:28 GMT)