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

Big Banc SplitAnnouncement

09/04/2015 07:13

January 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 December 31, 2014, 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 Holding as at                 
                            Shares     Contribution (Cdn. $)  Vested(2)     Common    31 December    
                            Purchased  (1)                                  Shares    2014 as                 
                                                                            held as   % total      
                                                                            at 31     voting rights                 
                                                                            December            
                                                                            2014                       
                                                                                                       
                                                                                          
                                                                                                       
David French,   October 15  548        548          4.15      518           181,560   0.1%             
President and                                                                                          
Chief Executive October 31  537        537          4.22      524                                      
                                                                                                       
Officer         November 15 511        511          4.45      543                                      
                                                                                                       
                November 30 657        657          3.46      520                                      
                                                                                                       
                December 15 847        847          2.68      490                                      
                                                                                                       
                December 31 726        726          3.13      478                                      
                                                                                                       
                                                                                                       
                                                                                                       
Douglas C. Urch October 15  361        361          4.15      342           1,036,122 0.4%             
- Executive                                                                                            
Vice President, October 31  355        355          4.22      346                                      
Finance and                                                                                            
Chief Financial November 15 338        338          4.45      359                                      
Officer                                                                                                
                November 30 433        433          3.46      343                                      
                                                                                                       
                December 15 560        560          2.68      323                                      
                                                                                                       
                December 31 480        480          3.13      315                                      
                                                                                                       
                                                                                                       
                                                                                                       
Suneel Gupta -  October 15  361        361          4.15      342           460,315   0.2%             
Executive Vice                                                                                         
President and   October 31  355        355          4.22      346                                      
Chief Operating                                                                                        
Officer         November 15 338        338          4.45      359                                      
                                                                                                       
                November 30 433        433          3.46      343                                      
                                                                                                       
                December 15 560        560          2.68      323                                      
                                                                                                       
                December 31 480        480          3.13      315                                      
                                                                                                       
      
 

(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 April 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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