Rose Petroleum plc

Grant of Options


Grant of Options

Rose Petroleum plc, the AIM-listed (AIM: ROSE) natural resources company, announces the grant of options over ordinary shares of 0.1p in the Company ("Ordinary Shares") under the Company's share option schemes ("Options"). A total of 10,000,000 Options have today been granted to Chris Eadie, Finance Director, as set out below:

Name of Director Number of Options granted Exercise price per Option Total number of options now held
Chris Eadie, Finance Director 10,000,000 1.825 p 10,000,000

The Options will vest in 3 equal annual tranches. Each Option is exercisable into one ordinary share of 0.1p each in the Company and can be exercised as 3,333,333 after year one, 3,333,333 after year two and 3,333,334 after year three up until 12 February 2025.

The new Options granted today represent approximately 0.66% of the Company's current issued share capital and there are now a total of 185,333,333 options over Ordinary Shares outstanding, representing approximately 12.27% of the Company's current issued share capital.