Bankers Petroleum Limited Employee Stock Savings Plan Update
July 19 2016 - 1:00AM
UK Regulatory
TIDMBNK
July 19, 2016
AIM: BNK
Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company")
Employee Stock Savings Plan - July 15, 2016 Update
Further to the Company's announcement of January 16, 2013 regarding the
implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum
announces that during the period from July 1, 2016 to the period ending July
15, 2016, the following purchases were made by senior employees:
Name Date of Number of Employer's Purchase Employer's Resulting Resulting
Purchase Common Contribution Price Contribution Number of Holding
Shares (1) (Cdn. $) Vested(2) Common as at
Purchased Shares 15 July
held as at 2016 as
15 July % total
2016 voting
rights
David July 15 1,093 547 2.04 809 270,632 0.1%
French,
President
and Chief
Executive
Officer
Douglas C. July 15 721 361 2.04 534 1,101,728 0.4%
Urch,
Executive
Vice
President,
Finance and
Chief
Financial
Officer
Suneel July 15 722 361 2.04 535 605,924 0.2%
Gupta,
Executive
Vice
President
and Chief
Operating
Officer
1. These shares are the matching shares purchased by the Company, which shall
vest to the shareholder twelve months from the date of purchase, provided
the shareholder is still an employee of the Company. As of January 1, 2016
the Company's matching shares were reduced from 100% to 50% of the
employees purchase amount.
2. These shares are the matching shares purchased by the Company twelve months
ago and are now vested to the shareholder.
As previously announced, under the ESSP, employees may use up to 10% of their
salary (matched equally by the Company) to purchase Bankers Petroleum shares on
the Toronto Stock Exchange, on each pay period (midmonth and month-end). David
French, Douglas Urch and Suneel Gupta elected to participate in the plan, with
a participation level of 10% of each of their respective salaries.
All further announcements regarding the senior employees' participation in the
?ESSP will be announced within 3 business days of their occurrence and
accordingly the next announcement is expected on 4 August or sooner, if
required.
For further information, contact:
Doug Urch
Executive VP, Finance and Chief Financial Officer
Ph: (403) 513-2691
Email: investorrelations@bankerspetroleum.com
Website: http://www.bankerspetroleum.com/
AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor
+44 0 207 523 8000
AIM BROKER:
FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200
END
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July 19, 2016 02:00 ET (06:00 GMT)
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