TIDMGBP

RNS Number : 3823M

Global Petroleum Ltd

21 January 2021

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

21 January 2021

Global Petroleum Limited

("Global" or "the Company")

Issue of Incentive Options to Directors

Following approval by Shareholders at the Company's AGM held on 7 January 2021, the Board of Global has granted incentive options over the Company's ordinary shares to Directors as detailed below.

The Board has chosen to grant these incentive options in order to attract and retain the services of each Director and to provide incentive linked to the performance of the Company.

The incentive options are exercisable at a price of 1.037 pence per share, being a 15 per cent premium to the volume weighted average price of the Company's shares over the five trading day period up to and including the date of the AGM. The incentive options expire on the fifth anniversary of the date of grant. Further details of the incentive options are set out in the AGM Notice of Meeting, available on the Company's website.

   Director                               No. of incentive options 
   Peter Blakey                                      1,500,000 
   Andrew Draffin                                 1,000,000 
   Garrick Higgins                                 1,000,000 
   Peter Hill                                            6,000,000 
   Peter Taylor                                       1,500,000 
   John van der Welle                          2,000,000

For further information please visit www.glo-pet.com.au or contact:

 
                                                   +44 (0) 20 3 875 
 Global Petroleum Limited                           9255 
 Peter Hill, Managing Director & CEO 
  Andrew Draffin, Company Secretary 
 
 Panmure Gordon (UK) Limited (Nominated Adviser    +44 (0) 20 7886 
  & Sole Broker)                                    2500 
 Corporate Finance: Nicholas Harland / Nick 
  Lovering / Ailsa Macmaster 
  Corporate Broking: Hugh Rich 
 
 Tavistock (Financial PR & IR)                     +44 (0) 20 7920 
  Simon Hudson / Nick Elwes                         3150 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Peter Hill 
     -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment   Initial 
     -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                             Global Petroleum Limited 
     -------------------------------  ----------------------------------- 
 b)   LEI                              261700ZCF0J30FEAY97 
     -------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     -------------------------------------------------------------------- 
 a)   Description of                   Ordinary shares 
       the Financial 
       instrument, type 
       of instrument 
      Identification                   AU000000GBP6 
       code 
     -------------------------------  ----------------------------------- 
 b)   Nature of the                    Options to acquire ordinary shares 
       transaction 
     -------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)           Price: 1.037p, Volume: 6,000,000 
     -------------------------------  ----------------------------------- 
 d)   Aggregated information: 
       Aggregated volume 
       Price 
     -------------------------------  ----------------------------------- 
 e)   Date of the transaction          20(th) January 2021 
     -------------------------------  ----------------------------------- 
 f)   Place of the transaction         London Stock Exchange, Alternative 
                                        Investment Market (AIM) 
     -------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             John Van Der Welle 
     -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------- 
 a)   Position/status                  Non Executive Chairman 
     -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment   Initial 
     -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                             Global Petroleum Limited 
     -------------------------------  ----------------------------------- 
 b)   LEI                              261700ZCF0J30FEAY97 
     -------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     -------------------------------------------------------------------- 
 a)   Description of                   Ordinary shares 
       the Financial 
       instrument, type 
       of instrument 
      Identification                   AU000000GBP6 
       code 
     -------------------------------  ----------------------------------- 
 b)   Nature of the                    Options to acquire ordinary shares 
       transaction 
     -------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)           Price: 1.037p, Volume: 2,000,000 
     -------------------------------  ----------------------------------- 
 d)   Aggregated information: 
       Aggregated volume 
       Price 
     -------------------------------  ----------------------------------- 
 e)   Date of the transaction          20(th) January 2021 
     -------------------------------  ----------------------------------- 
 f)   Place of the transaction         London Stock Exchange, Alternative 
                                        Investment Market (AIM) 
     -------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Andrew Draffin 
     -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------- 
 a)   Position/status                  Non Executive Director 
     -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment   Initial 
     -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                             Global Petroleum Limited 
     -------------------------------  ----------------------------------- 
 b)   LEI                              261700ZCF0J30FEAY97 
     -------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     -------------------------------------------------------------------- 
 a)   Description of                   Ordinary shares 
       the Financial 
       instrument, type 
       of instrument 
      Identification                   AU000000GBP6 
       code 
     -------------------------------  ----------------------------------- 
 b)   Nature of the                    Options to acquire ordinary shares 
       transaction 
     -------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)           Price: 1.037p, Volume: 1,000,000 
     -------------------------------  ----------------------------------- 
 d)   Aggregated information: 
       Aggregated volume 
       Price 
     -------------------------------  ----------------------------------- 
 e)   Date of the transaction          20(th) January 2021 
     -------------------------------  ----------------------------------- 
 f)   Place of the transaction         London Stock Exchange, Alternative 
                                        Investment Market (AIM) 
     -------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Garrick Higgins 
     -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------- 

 a)   Position/status                  Non Executive Director 
     -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment   Initial 
     -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                             Global Petroleum Limited 
     -------------------------------  ----------------------------------- 
 b)   LEI                              261700ZCF0J30FEAY97 
     -------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     -------------------------------------------------------------------- 
 a)   Description of                   Ordinary shares 
       the Financial 
       instrument, type 
       of instrument 
      Identification                   AU000000GBP6 
       code 
     -------------------------------  ----------------------------------- 
 b)   Nature of the                    Options to acquire ordinary shares 
       transaction 
     -------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)           Price: 1.037p, Volume: 1,000,000 
     -------------------------------  ----------------------------------- 
 d)   Aggregated information: 
       Aggregated volume 
       Price 
     -------------------------------  ----------------------------------- 
 e)   Date of the transaction          20(th) January 2021 
     -------------------------------  ----------------------------------- 
 f)   Place of the transaction         London Stock Exchange, Alternative 
                                        Investment Market (AIM) 
     -------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Peter Taylor 
     -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------- 
 a)   Position/status                  Non Executive Director 
     -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment   Initial 
     -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                             Global Petroleum Limited 
     -------------------------------  ----------------------------------- 
 b)   LEI                              261700ZCF0J30FEAY97 
     -------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     -------------------------------------------------------------------- 
 a)   Description of                   Ordinary shares 
       the Financial 
       instrument, type 
       of instrument 
      Identification                   AU000000GBP6 
       code 
     -------------------------------  ----------------------------------- 
 b)   Nature of the                    Options to acquire ordinary shares 
       transaction 
     -------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)           Price: 1.037p, Volume: 1,500,000 
     -------------------------------  ----------------------------------- 
 d)   Aggregated information: 
       Aggregated volume 
       Price 
     -------------------------------  ----------------------------------- 
 e)   Date of the transaction          20(th) January 2021 
     -------------------------------  ----------------------------------- 
 f)   Place of the transaction         London Stock Exchange, Alternative 
                                        Investment Market (AIM) 
     -------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Peter Blakey 
     -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------- 
 a)   Position/status                  Non Executive Director 
     -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment   Initial 
     -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                             Global Petroleum Limited 
     -------------------------------  ----------------------------------- 
 b)   LEI                              261700ZCF0J30FEAY97 
     -------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     -------------------------------------------------------------------- 
 a)   Description of                   Ordinary shares 
       the Financial 
       instrument, type 
       of instrument 
      Identification                   AU000000GBP6 
       code 
     -------------------------------  ----------------------------------- 
 b)   Nature of the                    Options to acquire ordinary shares 
       transaction 
     -------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)           Price: 1.037p, Volume: 1,500,000 
     -------------------------------  ----------------------------------- 
 d)   Aggregated information: 
       Aggregated volume 
       Price 
     -------------------------------  ----------------------------------- 
 e)   Date of the transaction          20(th) January 2021 
     -------------------------------  ----------------------------------- 
 f)   Place of the transaction         London Stock Exchange, Alternative 
                                        Investment Market (AIM) 
     -------------------------------  -----------------------------------

-ends-

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January 21, 2021 02:00 ET (07:00 GMT)

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