LEKOIL LIMITED: Award of Options

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 LEKOIL LIMITED (LEK) 
LEKOIL LIMITED: Award of Options 
 
11-Oct-2017 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
             11 October 2017 
 
      Lekoil Limited 
 
      ("LEKOIL" or the "Company") 
 
      Award of Options 
 
LEKOIL (AIM: LEK), the oil and gas exploration and production company with a 
   focus on Nigeria and West Africa, announces that the Company has made the 
following award of options over ordinary shares of par value US$0.00005 each 
in the capital of the Company ("Ordinary Shares") to the CFO, Lisa Mitchell, 
             under the Company's long term incentive plan. 
 
     Director      Position     Options      Existing     Total 
                                granted       options   options 
Lisa Mitchell         Chief   1,500,000             - 1,500,000 
                  Financial 
                    Officer 
 
 All options issued under this award are being issued with an exercise price 
  of 17.16p, being the trailing three day average closing price prior to the 
  date of grant. The options have a ten-year exercise term and vest in three 
    years. Lisa Mitchell currently has no holdings of Ordinary Shares in the 
             Company. 
 
The 1,500,000 options granted to the previous CFO, Bruce Burrows, who leaves 
             the Company at the end of October, will expire without vesting. 
 
        For further information, please visit www.lekoil.com [1] or contact: 
 
             LEKOIL Limited 
 
             Alfred Castaneda, Investor Relations 
 
             Hamilton Esi, Corporate Communications 
 
             [phone] / [phone] 
 
             Strand Hanson Limited (Financial & Nominated Adviser) 
 
             James Harris / James Spinney / Ritchie Balmer 
 
             [phone] 
 
             Mirabaud Securities Limited (Joint Broker) 
 
             Peter Krens / Edward Haig-Thomas 
 
             [phone] / [phone] 
 
             BMO Capital Markets (Joint Broker) 
 
             Jeremy Low / Neil Haycock / Thomas Rider 
 
             [phone] 
 
             Tavistock (Financial PR) 
 
             Simon Hudson / Barney Hayward 
 
             [phone] 
 
      -ends- 
 
ISIN:          KYG5462G1073 
Category Code: MSCL 
TIDM:          LEK 
Sequence No.:  4726 
 
End of Announcement EQS News Service 
 
617655 11-Oct-2017 
 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=cf18eb9b0cff2bfecacebb0696619578&application_id=617655&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

October 11, 2017 02:02 ET (06:02 GMT)