Petroceltic Intnl (PCI) - Option Grant
RNS Number : 7053Q
Petroceltic International PLC
08 November 2012
Petroceltic International plc
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.
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
MSCEAKFPELEAFFF -0- Nov/08/2012 16:41 GMT
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