Amerisur Resources PLC Exercise of Options under Long Term Incentive Plan (8177N)
January 23 2019 - 1:00AM
UK Regulatory
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: +44 (0)330 333
Amerisur Resources 8246
Billy Clegg / Georgia Edmonds / Kimberley Tel: +44 (0)203 757
Taylor 4983
Camarco
Callum Stewart / Nicholas Rhodes / Tel: +44 (0)20 7710
Ashton Clanfield 7600
Stifel Nicolaus Europe Limited
Chris Sim / Alexander Ruffman Tel: +44 (0)207 597
Investec 4000
Paul Shackleton / Dan Gee-Summons Tel: +44 (0)20 7614
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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END
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