Nostra Terra Oil & Gas Company PLC Grant of Options (6620V)
October 30 2014 - 2:11AM
UK Regulatory
TIDMNTOG
RNS Number : 6620V
Nostra Terra Oil & Gas Company PLC
30 October 2014
AIM: NTOG
30 October 2014
Nostra Terra Oil and Gas Company plc
("Nostra Terra" or the "Company")
Grant of Performance-Related Options
On 29 October 2014, the Board of Nostra Terra, the AIM quoted
oil and gas company with a growing portfolio of assets in
production and development in the USA, agreed, in accordance with
the Company's ongoing director incentivisation scheme, to award
90,000,000 performance-related options ("Options") to the
Directors.
The total numbers of Options granted to each of Matt Lofgran
(Chief Executive Officer), Alden McCall (Chief Operating Officer)
and Stephen Oakes (Non-Executive Director), together with the
vesting conditions, are as follows:
No. of Options granted and vesting Total number
conditions of Options
granted
(A) (B) (C)
------------ ------------ ----------- -------------
Matt Lofgran 15,000,000 10,000,000 15,000,000 40,000,000
------------ ------------ ----------- -------------
Alden McCall 15,000,000 10,000,000 15,000,000 40,000,000
------------ ------------ ----------- -------------
Stephen Oakes 3,750,000 2,500,000 3,750,000 10,000,000
------------ ------------ ----------- -------------
The Options granted pursuant to vesting condition:
(A) shall vest immediately upon grant;
(B) shall vest subject to certain performance criteria relating
to the spudding of a well on the Company's White Buffalo project;
and
(C) shall vest subject to the Company's mid-market share price
closing at 1.0p or above for a minimum of ten consecutive business
days.
All of the Options are exercisable at 0.4 pence per share and,
subject to the attaching vesting conditions, are exercisable for a
ten year period from the date of grant.
For further information, visit www.ntog.co.uk or contact:
Nostra Terra Oil and Gas Company plc
Matt Lofgran, CEO
mlofgran@ntog.co.uk Telephone: +1 480 993 8933
Northland Capital Partners Ltd
(Nominated Adviser)
Matthew Johnson / Lauren Kettle Telephone: +44 (0)20 7382 1100
Hume Capital Securities plc
(Broker)
Jon Belliss / Abigail Wayne Telephone: +44 (0)20 3693 1470
Lothbury Financial Services Limited
Gary Middleton / Michael Padley Telephone: +44 (0)20 3440 7620
This information is provided by RNS
The company news service from the London Stock Exchange
END
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