REG-Bankers Petroleum Limited: Director/PDMR Shareholding <Origin Href="QuoteRef">BNK.TO</Origin>

Big Banc SplitAnnouncement

24/11/2014 14:25

October 1, 2014


AIM: BNK

Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company")

Employee Stock Savings Plan Quarterly Update


Further to the Company's announcement of January 16, 2013 regarding the
implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum
announces that during the quarter ending 30 September 2014, the following
purchases were made by senior employees:

 

Name      Date of Purchase  Number of  Employer's   Purchase  Employer's    Resulting Resulting        
                            Common     Contribution Price     Contribution  Number of Holding as at                 
                            Shares     (1)          (Cdn. $)  Vested(2)     Common    30 September    
                            Purchased                                       Shares    2014 as                 
                                                                            held as   % total     
                                                                            at 30     voting rights                 
                                                                            September           
                                                                            2014                       
                                                                                                
                                                                                                       
                                                                                          
                                                                                                       
David French,   July 15     329        329          6.89      679           174,661   0.1%             
President and                                                                                          
Chief Executive July 31     363        363          6.26      708                                      
                                                                                                       
Officer         August 15   360        360          6.31      653                                      
                                                                                                       
                August 31   345        345          6.58      598                                      
                                                                                                       
                September   391        391          5.80      553                                      
                15                                                                                     
                                                                                                       
                September   411        411          5.52      552                                      
                30                                                                                     
                                                                                                       
                                                                                                       
                                                                                                       
Douglas C. Urch July 15     217        217          6.89      448           1,006,567 0.4%             
- Executive                                                                                            
Vice President, July 31     240        240          6.26      467                                      
Finance and                                                                                            
Chief Financial August 15   238        238          6.31      431                                      
Officer                                                                                                
                August 31   228        228          6.58      395                                      
                                                                                                       
                September   258        258          5.80      365                                      
                15                                                                                     
                                                                                                       
                September   272        272          5.52      364                                      
                30                                                                                     
                                                                                                       
                                                                                                       
                                                                                                       
Suneel Gupta -  July 15     217        217          6.89      448           430,760   0.2%             
Executive Vice                                                                                         
President and   July 31     240        240          6.26      467                                      
Chief Operating                                                                                        
Officer         August 15   238        238          6.31      431                                      
                                                                                                       
                August 31   228        228          6.58      395                                      
                                                                                                       
                September   258        258          5.80      365                                      
                15                                                                                     
                                                                                                       
                September   272        272          5.52      364                                      
                30                                                                                     
    
 

(1)   These shares are the matching shares purchased by the Company, which
shall vest to the shareholder twelve months from the date of purchase, provided
the shareholder is still an employee of the Company.

 

(2)   These shares are the matching shares purchased by the Company twelve
months ago and are now vested to the shareholder.


As previously announced, 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 (midmonth and month-end). David
French, Douglas Urch and Suneel Gupta elected to participate in the plan, with
a participation level of 10% of each of their respective salaries.


It is expected that the next quarterly announcement in respect of purchases
under the ESSP will be made on or around January 1, 2015.

 

For further information, contact:

Doug Urch
Executive VP, Finance and Chief Financial Officer
Ph: (403) 513-2691
Email: investorrelations@bankerspetroleum.com
Website: www.bankerspetroleum.com

AIM NOMAD:
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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