![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TSXV:XEL | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL) announces the award of in aggregate 3,600,000 options to purchase ordinary shares of the Company to each of the following Directors and members of the Xcite Energy Resources Limited (the Company's wholly owned subsidiary) management team:
Roger Ramshaw, Gregory Moroney, Timothy Jones, Scott Cochlan, Richard Smith, Stephen Kew, Rupert Cole, Jonathan Dale, Barnaby Brennan, Richard West, Charles Lucas-Clements and Thomas Blystad.
The options, which vest immediately, were granted today under the terms of the Company's share option scheme by reference to the closing price of the Company's ordinary shares on November 2, 2010. All options have an exercise price of CAN$2.92 per ordinary share and are exercisable for a period of five years. This award recognises the significant progress that has been made with respect to the Bentley field during 2010.
Following these option awards, the Directors of the Company have the following aggregate number of ordinary shares under option:
------------------------------------------------------- Option award now Aggregate ordinary being made shares under option ------------------------------------------------------- ------------------------------------------------------- Roger Ramshaw 100,000 500,000 ------------------------------------------------------- ------------------------------------------------------- Gregory Moroney 100,000 400,000 ------------------------------------------------------- ------------------------------------------------------- Timothy Jones 100,000 400,000 ------------------------------------------------------- ------------------------------------------------------- Scott Cochlan 100,000 400,000 ------------------------------------------------------- ------------------------------------------------------- Richard Smith 400,000 2,331,000 ------------------------------------------------------- ------------------------------------------------------- Stephen Kew 400,000 2,331,000 ------------------------------------------------------- ------------------------------------------------------- Rupert Cole 400,000 2,331,000 -------------------------------------------------------
In addition, the Company has issued 200,000 warrants to purchase ordinary shares of the Company to Ammonite CapitalPartners L.P. to satisfy the terms of the advisory agreement entered into in 2007. These warrants have been granted by reference to the closing price of the Company's ordinary shares on November 2, 2010 at an exercise price of CAN$2.92 per ordinary share and are exercisable for a period of two years. The grant of these warrants is subject to TSX Venture Exchange approval.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ENQUIRIES: Xcite Energy Limited +44 (0) 1330 826740 Richard Smith Chief Executive Officer Rupert Cole Chief Financial Officer Arbuthnot Securities Limited (Nomad and Broker) +44 (0)20 7012 2000 Antonio Bossi Director Pelham Bell Pottinger +44 (0) 20 7861 3232 Mark Antelme Director Henry Lerwill Paradox Public Relations +1 514 341 0408 Jean-Francois Meilleur Consultant
1 Year Xcite Energy Limited Chart |
1 Month Xcite Energy Limited 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