Xcite Energy Limited ("Xcite Energy" or the "Company") Option Award to Directors and Management Team
04 January 2011 - 6:23PM
Marketwired
Xcite Energy Limited (TSX-V: XEL) (LSE: XEL)
(AIM: XEL)
This announcement is not for release, publication or
distribution in or into the United States.
Xcite Energy announces the award of in aggregate 1,630,000
options to purchase ordinary shares of the Company to each of the
following Directors and members of the Xcite Energy Resources
Limited (the Company's wholly owned subsidiary) management
team:
Roger Ramshaw, Gregory Moroney, Timothy Jones, Scott Cochlan,
Richard Smith, Stephen Kew, Rupert Cole, Jonathan Dale, Barnaby
Brennan, Richard West, Charles Lucas-Clements and Thomas
Blystad.
The options, which vest immediately, were granted under the
terms of the Company's share option scheme by reference to the
closing price of the Company's ordinary shares on 31 December 2010.
All options have an exercise price of CAN$5.95 per ordinary share
and are exercisable for a period of five years. This award
recognises the outstanding outcome to the 9/3b-6 well on the
Bentley field.
Following these option awards, the Directors of the Company have
the following aggregate number of ordinary shares under option:
----------------------------------------------------------------------------
Option award now being Aggregate ordinary shares
made under option
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Roger Ramshaw 90,000 590,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Gregory Moroney 90,000 390,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Timothy Jones 90,000 490,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Scott Cochlan 90,000 490,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Richard Smith 90,000 2,421,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Stephen Kew 90,000 2,421,000
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Rupert Cole 90,000 2,421,000
----------------------------------------------------------------------------
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ENQUIRIES: Xcite Energy Limited +44 (0) 1330
826740 Richard Smith Chief Executive Officer Rupert Cole Chief
Financial Officer Arbuthnot Securities Limited (Nomad and
Broker) +44 (0) 20 7012 2000 Antonio Bossi Director Pelham Bell
Pottinger +44 (0) 20 7861 3232 Mark Antelme Director Henry
Lerwill Paradox Public Relations +1 514 341 0408
Jean-Francois Meilleur Consultant
Xcite Energy Limited (TSXV:XEL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Xcite Energy Limited (TSXV:XEL)
Historical Stock Chart
From Jul 2023 to Jul 2024