Valeura Energy Inc. TERMINATION OF CERTAIN STOCK OPTIONS (6953G)
November 27 2020 - 1:00AM
UK Regulatory
TIDMVLU
RNS Number : 6953G
Valeura Energy Inc.
27 November 2020
VALEURA ANNOUNCES TERMINATION OF CERTAIN STOCK OPTIONS
Calgary, November 27, 2020 : Valeura Energy Inc. (TSX:VLE,
LSE:VLU) ("Valeura" or the "Company"), an upstream oil and gas
company with assets in the Thrace Basin of Turkey, announces that
effective November 25, 2020 it has terminated an aggregate of
1,957,500 incentive stock options, which were issued to a number of
employees, officers, directors, and consultants, including an
individual engaged in investor relations activities on behalf of
the Company (collectively, the "Optionees").
By a series of option termination agreements, the Company and
the Optionees have agreed to terminate those options granted
between March 2018 and September 2019, which carry exercise prices
between C$2.54 and C$4.62 per share. Optionees will receive nominal
consideration of one cent (C$0.01) per terminated option. No
options are being granted by the Company in conjunction with these
terminations.
Among the Optionees were certain persons discharging managerial
responsibilities ("PDMR"), as detailed below.
PDMR Position Volume terminated
Executive Director, President and
Sean Guest Chief Executive Officer 575,000
----------------------------------- ------------------
Gordon Begg Vice President, Commercial 300,000
----------------------------------- ------------------
Rob Sadownyk Vice President, Exploration 210,000
----------------------------------- ------------------
Russell Hiscock Non-Executive Director 152,500
----------------------------------- ------------------
Heather Campbell Chief Financial Officer 135,000
----------------------------------- ------------------
Kimberley
Wood Non-Executive Director 100,000
----------------------------------- ------------------
Tim Marchant Non-Executive Chairman 87,500
----------------------------------- ------------------
Jim McFarland Non-Executive Director 87,500
----------------------------------- ------------------
Ron Royal Non-Executive Director 87,500
----------------------------------- ------------------
For further information please contact:
Valeura Energy Inc. (General and Investor Enquiries) +1 403 237 7102
Sean Guest, President and CEO
Heather Campbell, CFO
Robin Martin, Investor Relations Manager
Contact@valeuraenergy.com , IR@valeuraenergy.com
Canaccord Genuity Limited (Corporate Broker) +44 (0) 20 7523 8000
Henry Fitzgerald-O'Connor, James Asensio
CAMARCO (Public Relations, Media Adviser) +44 (0) 20 3757 4980
Owen Roberts, Billy Clegg, Monique Perks, Hugo Liddy
Valeura@camarco.co.uk
This announcement contains inside information as defined in EU
Regulation No. 596/2014 and is in accordance with the Company's
obligations under Article 17 of that Regulation.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy securities in any jurisdiction,
including where such offer would be unlawful. This announcement is
not for distribution or release, directly or indirectly, in or into
the United States, Ireland, the Republic of South Africa or Japan
or any other jurisdiction in which its publication or distribution
would be unlawful.
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END
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