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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Borders & Southern Petroleum Plc | LSE:BOR | London | Ordinary Share | GB00B08F4599 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.04 | 1.45% | 2.79 | 2.70 | 2.88 | 147,498 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 42k | -1.36M | -0.0019 | -14.47 | 20.1M |
TIDMBOR
RNS Number : 9710K
Borders & Southern Petroleum plc
27 September 2016
27 September 2016
Borders & Southern Petroleum plc
("Borders & Southern" or "the Company")
Grant of Options
Borders & Southern Petroleum announces that its Remuneration Committee has granted Non-Executive Director, Nigel Hurst-Brown, options over 1,000,000 ordinary shares in the Company, under the Company's Discretionary Share Option scheme.
The share options, awarded on 27th September 2016, have an exercise price of 1.8 pence per Ordinary Share (being the closing price of the Ordinary Share on the dealing day immediately proceeding the date of grant). Options granted are not exercisable for a period of three years from date of grant and may then be exercised for a period of seven years thereafter.
Following the award of options, Nigel Hurst Brown's total interest is as follows:
Ordinary Shares Option Shares Nigel Hurst-Brown 1,530,000 1,250,000 options
The current issued share capital of the Company is 484,098,404 ordinary shares.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the transaction described above.
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Nigel Hurst-Brown 2 Reason for notification a) Position / status Non-Executive Director b) Initial notification Initial / amendment 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Borders & Southern Petroleum plc b) LEI (Pending) 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of Share options over ordinary the financial shares of 1 pence each in instrument, type Borders & Southern Petroleum of instrument plc Identification ISIN: GB00B08F4599 code b) Nature of the Grant of share options under transaction the Borders & Southern Petroleum plc Discretionary Share Option scheme, described above c) Price(s) and volumes(s) Price(s) Volume(s) 1.8 pence 1,000,000 d) Aggregated information N/A e) Date of the transaction 2016-09-27 f) Place of the transaction London Stock Exchange, AIM (XLON)
For further information please visit www.bordersandsouthern.com or contact:
Howard Obee Adam James / Atholl Tweedie ----------------------------- ---------------------------- Borders & Southern Petroleum Panmure Gordon (UK) Limited plc ----------------------------- ---------------------------- Tel: 020 7661 9348 Tel: 020 7886 2500 ----------------------------- ---------------------------- Simon Hudson ----------------------------- ---------------------------- Tavistock ----------------------------- ---------------------------- Tel: 020 7920 3150 ----------------------------- ----------------------------
Notes:
Borders & Southern Petroleum plc is an oil & gas exploration company listed on the London Stock Exchange AIM (BOR). The Company operates and has a 100% interest in three Production Licences in the South Falkland Basin covering an area of nearly 10,000 square kilometres. The Company has acquired 2,862 km of 2D seismic, 2,517 square kilometres of 3D seismic and drilled two exploration wells, making a gas condensate discovery (Darwin) with its first well. Management's previously reported un-risked base case (P50) resource estimate for the combined Darwin East and Darwin West structures, incorporating all proven and potential reservoirs, is 354 million barrels of recoverable condensate.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 27, 2016 08:05 ET (12:05 GMT)
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