TIDMTPL 
 
Tethys Petroleum Limited Press Release: Grant of Options 
FOR:  TETHYS PETROLEUM LIMITED 
 
TSX, LSE SYMBOL:  TPL 
 
April 1, 2016 
 
Tethys Petroleum Limited Press Release: Grant of Options 
 
GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - April 1, 2016) - Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) ("Tethys" or 
the "Company") announces the grant of options under the Company's Long-Term Stock Incentive Plan ("LTSIP"). 
 
Grant of options pursuant to the LTSIP 
 
The Company announces in accordance with the provisions of DTR 3 that each of the persons set out below, each being a 
Person Discharging Managerial Responsibility ("PDMR") of the Company (and together representing all of the PDMRs of the 
Company for the purposes of DTR 3), has today been granted the following options over ordinary shares of US$0.10 each in 
the capital of the Company pursuant to the LTSIP: 
 
=-------------------------------------------------------------------------- 
            Number of 
             ordinary 
          shares over 
                which Exercise 
Name of       options    price 
 PDMR         granted    (GBP)               Vesting            Expiry date 
=-------------------------------------------------------------------------- 
John Bell   2,362,500     2.5p Date of completion of  The fifth anniversary 
                                         the Placing         of the date of 
=-----------------------------                            completion of the 
David         433,125     2.5p                        Placing, or the tenth 
  Henderson                                              anniversary of the 
=-----------------------------                            date of grant (if 
James         433,125     2.5p                                    earlier). 
 Rawls 
=----------------------------- 
David         433,125     2.5p 
 Roberts 
=-------------------------------------------------------------------------- 
Julian      1,968,750     2.5p       One-third of the  The fifth anniversary 
 Hammond                         Shares over which it         of the date of 
=-----------------------------     was granted on the      completion of the 
Clive       1,487,500     2.5p  date of completion of  Placing, or the tenth 
 Oliver                        the Placing; One-third     anniversary of the 
=-----------------------------   of the shares on the      date of grant (if 
Alexander     433,125            first anniversary of              earlier). 
 Abramov                       the date of completion 
=-----------------------------   of placing; and One- 
William       433,125     2.5p third of the shares on 
 Wells                         the second anniversary 
=-----------------------------         of the date of 
Adeola        433,125     2.5p  completion of placing. 
 Ogunsemi 
=-------------------------------------------------------------------------- 
 
'Placing' is defined as a transaction where Olisol Petroleum Limited, a wholly owned subsidiary of Olisol Investments 
Limited, or such other investor, subscribes for such number which brings significant funding into the Company. 
 
Where the price per Share at which the Placing occurs is higher than the Exercise Price set out above then the Exercise 
Price shall automatically be adjusted to the Placing price and in any event where the par value of a Share on the date 
of exercise of this Option is higher than the Exercise Price as set out above, the Exercise Price shall automatically be 
adjusted to such par value. 
 
As a result of the above, the PDMRs hold options over the following (aggregate) numbers of ordinary shares of the 
Company: 
 
=--------------------------------------------------------------------------- 
Name of PDMR       Aggregate number of ordinary   Percentage of total issued 
                      shares over which options       ordinary shares of the 
                                        granted                      Company 
=--------------------------------------------------------------------------- 
John Bell                             4,712,500                         1.3% 
=--------------------------------------------------------------------------- 
Julian Hammond                        3,363,750                         0.9% 
=--------------------------------------------------------------------------- 
Clive Oliver                          2,427,500                         0.6% 
=--------------------------------------------------------------------------- 
Alexander Abramov                       433,125                         0.1% 
=--------------------------------------------------------------------------- 
James Rawls                             800,625                         0.2% 
=--------------------------------------------------------------------------- 
David Henderson                         680,625                         0.2% 
=--------------------------------------------------------------------------- 
Adeola Ogunsemi                         433,125                         0.1% 
=--------------------------------------------------------------------------- 
David Roberts                           680,625                         0.2% 
=--------------------------------------------------------------------------- 
William Wells                           433,125                         0.1% 
=--------------------------------------------------------------------------- 
 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Tethys Petroleum Limited 
Clive Oliver 
Corporate Secretary 
+44 207 821 6128 
info@tethyspetroleum.com 
www.tethyspetroleum.com 
 
 
 
 
Tethys Petroleum Limited

(END) Dow Jones Newswires

April 01, 2016 03:44 ET (07:44 GMT)

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