Rose Petroleum plc

Grant of Options (Replacement)

4-September-2013

Grant of Options (replacement)

The following announcement replaces the announcement released at 7.30a.m. on 3 September 2013 under RNS number 0793N. The last paragraph has been amended to state the correct total number of options outstanding and the percentage they represent. All other details remain the same. The full text of the amended announcement is set out below:
 
The Company has today granted options over ordinary shares of 0.1p in the Company (“Ordinary Shares”) under the Company’s share option schemes (“Options”).   A total of 70,400,000 Options have been granted to certain directors and senior employees as set out below:
 
Name of Director / employee
Number of Options granted
Exercise price per Option
Total number of options now held
Richard Kilmorey, Chairman
7,500,000
1.125p
8,250,000
Matthew Idiens, CEO
15,800,000
1.125p
21,800,000
Kelly Scott, Technical Director
23,800,000
0.475p
23,800,000
Fivos Spathopoulos
15,800,000
0.475p
15,800,000
Matthew Frost
7,500,000
0.475p
7,500,000
 
Each Option is exercisable into one ordinary share of 0.1p each in the Company and can be exercised as to a third after one year, a third after two years and a third after three years up until 1 September 2023.
 
The new Options granted today represent approximately 8.88% of the Company’s current issued share capital and there are now a total of 91,800,000 options over Ordinary Shares outstanding, representing approximately 11.6% of the Company’s current issued share capital.