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

Big Banc SplitAnnouncement

07/04/2015 07:13

April 7, 2015

 

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 March 31, 2015, the following
purchases were made by senior employees:

 

Name      Date of Purchase  Number of  Employer's   Purchase  Employer's    Resulting Resulting        
                            Common                  Price     Contribution  Number of                  
                            Shares     Contribution (Cdn. $)  Vested(2)     Common    Holding as at    
                            Purchased  (1)                                  Shares                     
                                                                            held as   31 March         
                                                                            at 31                      
                                                                            March     2015 as          
                                                                            2015                       
                                                                                      % total          
                                                                                                       
                                                                                      voting rights    
                                                                                                       
David French,   January 15  944        944          2.51      461           189,466   0.1%             
President and                                                                                          
Chief Executive January 30  834        834          2.84      576                                      
                                                                                                       
Officer         February 13 678        678          3.49      522                                      
                                                                                                       
                February 27 779        779          3.04      466                                      
                                                                                                       
                March 13    936        936          2.53      420                                      
                                                                                                       
                March 31    864        864          2.74      426                                      
                                                                                                       
                                                                                                       
                                                                                                       
Douglas C. Urch January 15  623        623          2.51      305           1,041,343 0.4%             
- Executive                                                                                            
Vice President, January 30  550        550          2.84      381                                      
Finance and                                                                                            
Chief Financial February 13 448        448          3.49      344                                      
Officer                                                                                                
                February 27 514        514          3.04      308                                      
                                                                                                       
                March 13    618        618          2.53      278                                      
                                                                                                       
                March 31    571        571          2.74      281                                      
                                                                                                       
                                                                                                       
                                                                                                       
Suneel Gupta -  January 15  623        623          2.51      305           465,536   0.2%             
Executive Vice                                                                                         
President and   January 30  550        550          2.84      381                                      
Chief Operating                                                                                        
Officer         February 13 448        448          3.49      344                                      
                                                                                                       
                February 27 514        514          3.04      308                                      
                                                                                                       
                March 13    618        618          2.53      278                                      
                                                                                                       
                March 31    571        571          2.74      281                                      
                                                                                                       
                                                                                                       
                                                                                                       

(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 July 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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