REG-Bankers Petroleum Limited: Employee Stock Savings Plan Quarterly Update <Origin Href="QuoteRef">BNK.TO</Origin>

Big Banc SplitAnnouncement

03/10/2016 12:06

July 5, 2016 
 
 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 June 30, 2016, the following
purchases were made by senior employees: 
 
                                        Name                                          Date of Purchase    Number of Common Shares Purchased     Employer’s Contribution (1)       Purchase Price         Employer’s Contribution Vested (2)       Resulting Number of Common Shares held as at 30 June 2016    Resulting Holding as at 30 June 2016 as % total voting rights   
                                                                                                                                                                                     (Cdn. $)                                                                                                                                                                                  
  David French,  President and Chief Executive Officer                                    April 15                      1,236                               618                        1.82                              651                                               268,730                                                          0.1%                               
                                      April 30                                              1,174                        587                                     1.91                                   667                                                                                                   
                                       May 15                                               1,159                        580                                     1.94                                   755                                                                                                   
                                       May 31                                               1,089                        545                                     2.06                                   774                                                                                                   
                                       June 15                                              1,127                        564                                     1.99                                   801                                                                                                   
                                       June 30                                              1,080                        540                                     2.08                                   784                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                               
  Douglas C. Urch,  Executive Vice President, Finance and Chief Financial Officer         April 15                       816                                408                        1.82                              430                                              1,100,473                                                         0.4%                               
                                      April 30                                               776                         388                                     1.91                                   440                                                                                                   
                                       May 15                                                765                         383                                     1.94                                   499                                                                                                   
                                       May 31                                                719                         360                                     2.06                                   511                                                                                                   
                                       June 15                                               744                         372                                     1.99                                   529                                                                                                   
                                       June 30                                               713                         357                                     2.08                                   517                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                               
  Suneel Gupta,  Executive Vice President and Chief Operating Officer                     April 15                       815                                408                        1.82                              430                                               604,667                                                          0.2%                               
                                      April 30                                               776                         388                                     1.91                                   440                                                                                                   
                                       May 15                                                765                         383                                     1.94                                   499                                                                                                   
                                       May 31                                                719                         360                                     2.06                                   511                                                                                                   
                                       June 15                                               744                         372                                     1.99                                   529                                                                                                   
                                       June 30                                               713                         357                                     2.08                                   517                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                               
 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. As of January 1, 2016 the
Company’s matching shares were reduced from 100% to 50% of the employees
purchase amount 
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 in October, or sooner, if required. 
 
 For further information, contact: 
 Doug Urch 
 Executive VP, Finance and Chief Financial Officer 
 Ph: (403) 513-2691 
 Email: investorrelations@bankerspetroleum.com 
 Website: http://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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