BANKERS PETROLEUM LIMITED: Bankers Petroleum Ltd. - Employee Stock Savings Plan
BANKERS PETROLEUM LIMITED: Bankers Petroleum Ltd. - Employee Stock Savings Plan January 23, 2013
Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company")
Employee Stock Savings Plan
Further to the Company's announcement of January 16, 2013 regarding the implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum will report the purchases by directors and senior employees on a quarterly basis. As such, the first announcement of such purchases will be released on or around April 1, 2013.
Under the ESSP, employees may use up to 10% of their salary (matched equally by the Company) to purchase Bankers Petroleum shares on the Toronto Stock Exchange, on each pay period (mid-month and month-end). Abby Badwi (CEO), Douglas Urch (CFO) and Suneel Gupta (COO) have elected to participate in the plan, with a participation level of 10% of each of their respective salaries.
Notification will be made if there is any change to the participation level of directors and senior employees in the ESSP. Applicable Employees (as defined by Aim Rules) will be prohibited from joining the ESSP and from changing or cancelling their contribution in any Close Period (as defined by the AIM Rules for Companies).
For further information, contact:
Doug Urch Executive VP, Finance and Chief Financial Officer Ph: (403) 513-2691 Email: firstname.lastname@example.org Website: www.bankerspetroleum.com
Canaccord Genuity Limited Henry Fitzgerald-O'Connor +44 0 207 523 8000
AIM BROKER: FirstEnergy Capital LLP Hugh Sanderson / David van Erp +44 0 207 448 0200
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