Bankers Petroleum Limited Q4 Employee Stock Savings Plan Quarterly Update

 
TIDMBNK 
 
January 5, 2016 
 
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 December 31, 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 at 
                              Shares       (1)       ($Cdn.)     Vested(2)     Common      31 December 
                            Purchased                                          Shares        2015 as 
                                                                             held as at      % total 
                                                                                 31       voting rights 
                                                                              December 
                                                                                2015 
 
David French,   October 15    1,005       1,005        2.36         548       218,200          0.1% 
President and 
Chief Executive October 31    1,109       1,109        2.13         537 
Officer 
                November 15   1,155       1,155        2.05         511 
 
                November 30   1,563       1,563        1.51         657 
 
                December 15   2,492       2,492        0.95         847 
 
                December 31   2,331       2,331        1.02         726 
 
Douglas C. Urch October 15     663         663         2.36         361      1,060,317         0.4% 
- Executive 
Vice President, October 31     732         732         2.13         355 
Finance and 
Chief Financial November 15    763         763         2.05         338 
Officer 
                November 30   1,032       1,032        1.51         433 
 
                December 15   1,646       1,646        0.95         560 
 
                December 31   1,539       1,539        1.02         480 
 
Suneel Gupta -  October 15     663         663         2.36         361       484,510          0.2% 
Executive Vice 
President and   October 31     732         732         2.13         355 
Chief Operating 
Officer         November 15    763         763         2.05         338 
 
                November 30   1,032       1,032        1.51         433 
 
                December 15   1,646       1,646        0.95         560 
 
                December 31   1,539       1,539        1.02         480 
 
 
(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 2.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 (mid-month 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 April 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

January 06, 2016 02:00 ET (07:00 GMT)