Amerisur Resources PLC Exercise of Options under Long Term Incentive Plan (8177N)

TIDMAMER

RNS Number : 8177N

Amerisur Resources PLC

23 January 2019

23 January 2019

Amerisur Resources Plc ("Amerisur" or the "Company")

Exercise of Options under Long Term Incentive Plan ("LTIP")

Amerisur, the oil and gas producer and explorer focused on South America, announces that John Wardle, Chief Executive Officer of Amerisur, has exercised nil cost options (the "Options") issued under the LTIP over 2,262,000 Ordinary Shares of 0.1 pence each in the Company ("Ordinary Shares"). The Options were exercised on 22 January 2019 and were registered to Tracarta Ltd. ("Tracarta"), a company in which John Wardle has an interest.

These Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares. Application has been made for the Ordinary Shares to be admitted to trading. Admission is expected on 28 January 2019.

Subsequent to the exercise of the Options, the new issued share capital ("ISC") of Amerisur will be 1,215,467,768 shares. Tracarta's new holding will be 33,391,505 shares, representing 2.747% of the new ISC.

The above figure of 1,215,467,768 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

 
 Director       Position                   No. Ordinary shares issued as Result of Option Exercise 
 John Wardle    Chief Executive Officer    2,262,000 
               -------------------------  -------------------------------------------------------- 
 

ENDS

Enquiries:

 
 Nick Harrison, CFO                          Tel: [phone] 
  Amerisur Resources                          8246 
 Billy Clegg / Georgia Edmonds / Kimberley   Tel: [phone] 
  Taylor                                      4983 
  Camarco 
 Callum Stewart / Nicholas Rhodes /          Tel: [phone] 
  Ashton Clanfield                            7600 
  Stifel Nicolaus Europe Limited 
 
   Chris Sim / Alexander Ruffman               Tel: [phone] 
   Investec                                    4000 
 Paul Shackleton / Dan Gee-Summons           Tel: [phone] 
  Arden Partners plc                          5900 
 

Notes to editors

About Amerisur Resources

Amerisur Resources is an experienced Colombian Operator with an extensive, strategic acreage position in the underexplored Putumayo in partnership with Occidental Petroleum ("Oxy") and a strategic acreage position in Llanos in CPO-5 with partner ONGC. Amerisur is the 100% owner and operator of the OBA pipeline, a key piece of strategic, cross-border export infrastructure delivering oil from the Putumayo in Colombia into Ecuador. Amerisur produces from three fields, Platanillo in the Putumayo which generates cash flow to fund its work programme and Mariposa-1 and Indico-1X in the Llanos basin. Amerisur has recently announced a potentially transformational result at Indico-1, which significantly exceeded expectations - 283 feet gross, 209 feet net oil column.

Amerisur has a robust financial position with cash generation and balance sheet to fund its work programme.

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.

www.amerisurresources.com

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January 23, 2019 02:00 ET (07:00 GMT)