We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Global Petroleum Limited | LSE:GBP | London | Ordinary Share | AU000000GBP6 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0825 | 0.08 | 0.085 | 0.0825 | 0.0825 | 0.0825 | 5,810,658 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | -1.28M | -0.0010 | -0.80 | 1.03M |
From May 2019 to May 2024
TIDMGBP
RNS Number : 6319W
Global Petroleum Ltd
16 November 2017
16 November 2017
Global Petroleum Limited
(ASX: GBP, AIM: GBP)
Issue of Incentive Options to Directors
Following approval by Shareholders at the Company's AGM held on 14 November 2017, the Board of Global Petroleum Limited ("Global" or "the Company") has resolved to issue options over ordinary shares in the Company to certain of its directors as detailed below.
The options will be exercisable at any time before the fifth anniversary of the date of grant at an exercise price of A$0.0318 (the VWAP of the Company's Shares during the five trading day period up to and including the date of the Meeting) and otherwise issued on the terms and conditions set out in Schedule 2 of the Notice of AGM a copy of which is available on the Company's website.
There are no performance criteria on the Incentive Options. Given the speculative nature of the Company's activities and the small management team responsible for its running, the performance of the directors and the performance and value of the Company are considered to be closely related. As such, the Incentive Options granted will generally only be of benefit if the directors perform to the level whereby the value of the Company increases sufficiently to warrant exercising the Incentive Options.
Hot Features
Premium
Director No. of options
granted
Peter Hill 6,000,000
John Van Der
Welle 1,000,000
Andrew Draffin 500,000
Garrick Higgins 500,000
For further information please visit www.glo-pet.com.au or contact:
Global Petroleum Limited
Peter Hill, Managing Director +44 (0) 20 7495
& CEO 6802
+61 (0) 7 3310
Damien Cronin, Company Secretary 8732
Cantor Fitzgerald Europe (Nominated
Adviser & Joint Broker)
+44 (0) 20 7894
Sarah Wharry 7000
GMP FirstEnergy Capital LLP (Joint
Broker)
+44 (0) 20 7448
Hugh Sanderson 0200
Tavistock (Financial PR & IR)
+44 (0) 20 7920
Simon Hudson / Barney Hayward 3150
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------
a) Name Peter Hill
--- ------------------------------- ----------------------------
2. Reason for the Notification
--- -------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------- ----------------------------
b) Initial notification/Amendment Initial
--- ------------------------------- ----------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------
a) Name Global Petroleum Limited
--- ------------------------------- ----------------------------
b) LEI 261700ZCF0J30FEAY97
--- ------------------------------- ----------------------------
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 Ordinary shares
of the Financial
instrument,
type of instrument
---
Identification AU000000GBP6
code
--- ------------------------------- ----------------------------
b) Nature of Options to acquire ordinary
the transaction shares
--- ------------------------------- ----------------------------
c) Price(s) and Price: A$0.0318 Volume:
volume(s) 6,000,000
--- ------------------------------- ----------------------------
d) Aggregated
information:
Aggregated
volume
Price
--- ------------------------------- ----------------------------
e) Date of the 15 November 2017
transaction
--- ------------------------------- ----------------------------
f) Place of the Australian Stock Exchange
transaction (XASX)
--- ------------------------------- ----------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------
a) Name John Van Der Welle
--- ------------------------------- ----------------------------
2. Reason for the Notification
--- -------------------------------------------------------------
a) Position/status Non Executive Chairman
--- ------------------------------- ----------------------------
b) Initial notification/Amendment Initial
--- ------------------------------- ----------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------
a) Name Global Petroleum Limited
--- ------------------------------- ----------------------------
b) LEI 261700ZCF0J30FEAY97
--- ------------------------------- ----------------------------
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 Ordinary shares
of the Financial
instrument,
type of instrument
---
Identification AU000000GBP6
code
--- ------------------------------- ----------------------------
b) Nature of Options to acquire ordinary
the transaction shares
--- ------------------------------- ----------------------------
c) Price(s) and Price: A$0.0318 Volume:
volume(s) 1,000,000
--- ------------------------------- ----------------------------
d) Aggregated
information:
Aggregated
volume
Price
--- ------------------------------- ----------------------------
e) Date of the 15 November 2017
transaction
--- ------------------------------- ----------------------------
f) Place of the Australian Stock Exchange
transaction (XASX)
--- ------------------------------- ----------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------
a) Name Andrew Draffin
--- ------------------------------- ----------------------------
2. Reason for the Notification
--- -------------------------------------------------------------
a) Position/status Non Executive Director
--- ------------------------------- ----------------------------
b) Initial notification/Amendment Initial
--- ------------------------------- ----------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------
a) Name Global Petroleum Limited
--- ------------------------------- ----------------------------
b) LEI 261700ZCF0J30FEAY97
--- ------------------------------- ----------------------------
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 Ordinary shares
of the Financial
instrument,
type of instrument
---
Identification AU000000GBP6
code
--- ------------------------------- ----------------------------
b) Nature of Options to acquire ordinary
the transaction shares
--- ------------------------------- ----------------------------
c) Price(s) and Price: A$0.0318 Volume:
volume(s) 500,000
--- ------------------------------- ----------------------------
d) Aggregated
information:
Aggregated
volume
Price
--- ------------------------------- ----------------------------
e) Date of the 15 November 2017
transaction
--- ------------------------------- ----------------------------
f) Place of the Australian Stock Exchange
transaction (XASX)
--- ------------------------------- ----------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------
a) Name Garrick Higgins
--- ------------------------------- ----------------------------
2. Reason for the Notification
--- -------------------------------------------------------------
a) Position/status Non Executive Director
--- ------------------------------- ----------------------------
b) Initial notification/Amendment Initial
--- ------------------------------- ----------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------
a) Name Global Petroleum Limited
--- ------------------------------- ----------------------------
b) LEI 261700ZCF0J30FEAY97
--- ------------------------------- ----------------------------
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 Ordinary shares
of the Financial
instrument,
type of instrument
---
Identification AU000000GBP6
code
--- ------------------------------- ----------------------------
b) Nature of Options to acquire ordinary
the transaction shares
--- ------------------------------- ----------------------------
c) Price(s) and Price: A$0.0318 Volume:
volume(s) 500,000
--- ------------------------------- ----------------------------
d) Aggregated
information:
Aggregated
volume
Price
--- ------------------------------- ----------------------------
e) Date of the 15 November 2017
transaction
--- ------------------------------- ----------------------------
f) Place of the Australian Stock Exchange
transaction (XASX)
--- ------------------------------- ----------------------------
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBRBDBDGBBGRU
(END) Dow Jones Newswires
November 16, 2017 02:01 ET (07:01 GMT)
1 Year Global Petroleum Chart |
1 Month Global Petroleum Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
