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

Big Banc SplitAnnouncement

24/11/2014 15:05

November 14, 2014

 

AIM: BNK

 

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

Director and Executive Officer Shareholdings

 

The Company announces that on November 12, 2014 it granted the following stock
options, all of which are exercisable into Common Shares of the company at a
price of Cdn $4.51 per share to Directors and Executive Officers in accordance
with the Company's Stock Option Plan.  The Company also announces that on
November 12, 2014 it has issued Restricted Share Units ("RSU") to the same
Directors and Executive Officers.  The details of the above issuances are as
follows:

Name                        # of Options    # of Restricted
                            Granted         Share Units    
                                                           
Eric Brown                  35,000          5,250          
Director                                                   
                                                           
Robert Cross                52,500          7,875          
                                                           
Director                                                   
                                                           
Abdel Badwi                 35,000          5,250          
                                                           
Director                                                   
                                                           
Ian                         35,000          5,250          
McMurtrie                                                  
                                                           
Director                                                   
                                                           
Phil Knoll                  35,000          5,250          
                                                           
Director                                                   
                                                           
John Zaozirny               35,000          5,250          
Director                                                   
                                                           
Jonathon Harris             35,000          5,250          
Director                                                   
                                                           
Wesley Clark                35,000          5,250          
Director                                                   
                                                           
David French                420,000         63,000         
                                                           
Director, President & CEO                                  
                                                           
Douglas Urch                245,000         36,750         
Executive Vice-President,                                  
Finance and Chief Financial                                
Officer                                                    
                                                           
Suneel Gupta                245,000         36,750         
                                                           
Executive Vice President                                   
and Chief Operating                                        
Officer                                                    
                                                           
Rick Pawluk                 2,625           17,500         
                                                           
Corporate Secretary                                        
                                                           
                                                           
                                                           


The options will expire on November 12, 2019 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 RSU's will expire on November 12, 2017 and are subject to the following
vesting provisions: one-third shall vest and become issuable on November 12,
2015 one-third shall vest and become issuable on each of the second and third
anniversaries of the date of issue.

 

RSU's represent shares issued from treasury subject to the vesting period of
the plan, as approved by shareholders on May 21, 2014.  Options represent a
right to purchase shares of the Company subject to the vesting period of the
plan at a price not less than the market price at the time of grant pursuant to
the Stock Options Plan as approved by Shareholders on May 21, 2014.

 

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

 



END



Copyright © 2014 PR Newswire Association, LLC. All Rights Reserved