BANKERS PETROLEUM LIMITED: Director/PDMR Shareholding
November 13, 2013
Bankers Petroleum Ltd. ("Bankers" or the "Company")
Director and Executive Officer Shareholding
The Company announces that on November 12, 2013 it granted the following stock options, all of which are exercisable into common shares of the Company at a price of Cdn$3.95 per share, to Directors and Executive Officers of the Company, in accordance with the Company's Employee Stock Option Plan:
Name No. of Options Granted
Robert Cross 75,000 Chairman and Director
Eric Brown 50,000 Director
Jonathon Harris 50,000 Director
John Zaozirny 50,000 Director
Abdel F. (Abby) Badwi 50,000 Vice Chair
Ian McMurtrie 50,000 Director
Phil Knoll 50,000 Director
Wesley Clark 50,000 Director
David French 350,000 President and Chief Executive Officer
Douglas C. Urch 315,000 Executive Vice President, Finance and Chief Financial Officer
Suneel Gupta 315,000 Executive Vice President and Chief Operating Officer
Leonidha Cobo 180,000 Vice President and General Director, Bankers Petroleum Albania Ltd.
Mark Hodgson 180,000 Vice President, Business Development
Craig Nardone 180,000 Vice President, Exploration and Development
Bayne Assmus 180,000 Vice President, Production and Operations
Robert Carss 180,000 Vice President, Health, Safety, Social and Environment
Richard Pawluk 35,000 Corporate Secretary
Bruce Beveridge 45,000 Vice President, Engineering
The options will expire on November 11, 2018 and are subject to the following vesting provisions: one-third shall vest and become exercisable immediately; one-third shall vest and become exercisable on each of the first and second anniversaries of the date of grant.
The Company announces that on November 12, 2013 it amended the performance share warrants listed below, which were granted to an Executive Officer of the Company on March 21, 2013, to increase the exercise price from Cdn$2.92 to Cdn$3.08 per share.
Name No. of Warrants Granted
David French, 600,000 President and Chief Executive Officer
The share purchase warrants will expire on March 20, 2016 and are subject to the following vesting provisions: one-third shall vest and become exercisable when the shares of the Company are trading at a price of Cdn$4.00 per share and above; one-third shall vest and become exercisable when the shares of the Company are trading at a price of Cdn$4.50 per share and above; and one-third shall vest and become exercisable when the shares of the Company are trading at a price of Cdn$5.00 per share and above, all of which must meet the target price for 20 consecutive business days on the Toronto Stock Exchange.
As at November 11, 2013, the Company had 254,880,313 issued and outstanding common shares.
For further information, contact:
Executive Vice President, Finance and Chief Financial Officer
Ph: (403) 513-2691
Canaccord Genuity Limited Henry Fitzgerald-O'Connor +44 0 207 523 8000
FirstEnergy Capital LLP Hugh Sanderson / David van Erp +44 0 207 448 0200
-0- Nov/13/2013 17:33 GMT