Petroceltic Intnl PCI Option Grant

  Petroceltic Intnl (PCI) - Option Grant

RNS Number : 7053Q
Petroceltic International PLC
08 November 2012


                                      

                                      

                        Petroceltic International plc

                                 Option Grant

Petroceltic International plc ("Petroceltic" or the "Company") announces that
it has granted share options to acquire ordinary shares in the Company to the
following directors on the 6^th November 2012 ("the Award") in accordance
with the Company's 2009 share option plan ("the plan"). This Award was
approved by the Board of the Company on the 6th^th November 2012. The options
will vest 33.3% on the first, second and third anniversary of the grant of
Award, subject to a vesting criterion of the common shares trading at or above
8.82p /share for a 10 day period.

The key provisions of the plan are summarised on the Company's website
(www.petroceltic.ie) under "investor centre/investor information".



Director        Option Amount Exercise Price
Brian O'Cathain 10,400,000    £0.0678
David Thomas    8,500,000     £0.0678
Tom Hickey      7,500,000     £0.0678



The previous grant of options under this plan was on the 12 June 2011.



                                     Ends



Contact
Peter Dunne, Company Secretary, +353 1 421 8300





8 November 2012





                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCEAKFPELEAFFF -0- Nov/08/2012 16:41 GMT
 
Press spacebar to pause and continue. Press esc to stop.