LEKOIL LIMITED: Award of Options
October 11 2017 - 1:02AM
UK Regulatory
Dow Jones received a payment from EQS/DGAP to publish this press
release.
LEKOIL LIMITED (LEK)
LEKOIL LIMITED: Award of Options
11-Oct-2017 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
11 October 2017
Lekoil Limited
("LEKOIL" or the "Company")
Award of Options
LEKOIL (AIM: LEK), the oil and gas exploration and production company with a
focus on Nigeria and West Africa, announces that the Company has made the
following award of options over ordinary shares of par value US$0.00005 each
in the capital of the Company ("Ordinary Shares") to the CFO, Lisa Mitchell,
under the Company's long term incentive plan.
Director Position Options Existing Total
granted options options
Lisa Mitchell Chief 1,500,000 - 1,500,000
Financial
Officer
All options issued under this award are being issued with an exercise price
of 17.16p, being the trailing three day average closing price prior to the
date of grant. The options have a ten-year exercise term and vest in three
years. Lisa Mitchell currently has no holdings of Ordinary Shares in the
Company.
The 1,500,000 options granted to the previous CFO, Bruce Burrows, who leaves
the Company at the end of October, will expire without vesting.
For further information, please visit www.lekoil.com [1] or contact:
LEKOIL Limited
Alfred Castaneda, Investor Relations
Hamilton Esi, Corporate Communications
+44 20 7920 3150 / +44 20 7920 3150
Strand Hanson Limited (Financial & Nominated Adviser)
James Harris / James Spinney / Ritchie Balmer
+44 20 7409 3494
Mirabaud Securities Limited (Joint Broker)
Peter Krens / Edward Haig-Thomas
+44 20 7878 3362 / +44 20 7878 3447
BMO Capital Markets (Joint Broker)
Jeremy Low / Neil Haycock / Thomas Rider
+44 20 7236 1010
Tavistock (Financial PR)
Simon Hudson / Barney Hayward
+44 20 7920 3150
-ends-
ISIN: KYG5462G1073
Category Code: MSCL
TIDM: LEK
Sequence No.: 4726
End of Announcement EQS News Service
617655 11-Oct-2017
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=cf18eb9b0cff2bfecacebb0696619578&application_id=617655&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
October 11, 2017 02:02 ET (06:02 GMT)
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