Egdon Resources PLC Grant of Options (7596F)

TIDMEDR

RNS Number : 7596F

Egdon Resources PLC

16 November 2015

16(th) November 2015

EGDON RESOURCES PLC

("Egdon" or "the Company")

Grant of Options

Egdon Resources plc (AIM:EDR) announces that as part of its annual incentive review it has granted options to the following Directors.

 
Director      Number of         Exercise Price  Vesting Date  Exercisable 
               Options granted   (pence)                       Until 
                                                1 August      31 December 
Mark Abbott   979,381           9.7              2016          2026 
                                                1 August      31 December 
Jerry Field   824,742           9.7              2016          2026 
 

Following the grant of the options, which are effective 14(th) November, the interests of the Directors in the share capital of the Company are as follows:

 
Director      Total number of Options  Number of Ordinary 
               held over Ordinary       Shares held 
               Shares 
Mark Abbott   2,561,535                7,563,824 
Jerry Field   2,497,617                0 
 

In addition the Company has granted options to employees on the same basis as Directors. The total number of options granted to Directors and employees of the Company is 4,134,021.

For further information please contact:

Egdon Resources plc

Mark Abbott, Jerry Field 01256 702 292

Buchanan

Richard Darby, Anna Michniewicz 020 7466 5000

Nominated Adviser and Broker - Cantor Fitzgerald Europe

David Porter, Sarah Wharry (Corporate Finance) 020 7894 7000

Richard Redmayne (Corporate Broking)

Joint Broker - VSA Capital Limited

Andrew Monk (Corporate Broking) 020 3005 5000

Andrew Raca (Corporate Finance)

Notes to Editors:

Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and France.

Egdon currently holds interests in thirty six licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets. Egdon is an approved operator in both the UK and France.

Egdon was formed in 1997 and listed on AIM in December 2004.

In accordance with the AIM Rules - Note for Mining and Oil and Gas Companies, the information contained in this announcement has been reviewed and signed off by the Managing Director of Egdon Resources plc Mark Abbott, a Geoscientist with over 27 years' experience.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 16, 2015 03:00 ET (08:00 GMT)