Bankers Petroleum Limited Q4 Employee Stock Savings Plan Quarterly Update
06 January 2016 - 6:00PM
UK Regulatory
TIDMBNK
January 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 December 31, 2015, the following
purchases were made by senior employees:
Name Date of Number of Employer's Purchase Employer's Resulting Resulting
Purchase Common Contribution Price Contribution Number of Holding as at
Shares (1) ($Cdn.) Vested(2) Common 31 December
Purchased Shares 2015 as
held as at % total
31 voting rights
December
2015
David French, October 15 1,005 1,005 2.36 548 218,200 0.1%
President and
Chief Executive October 31 1,109 1,109 2.13 537
Officer
November 15 1,155 1,155 2.05 511
November 30 1,563 1,563 1.51 657
December 15 2,492 2,492 0.95 847
December 31 2,331 2,331 1.02 726
Douglas C. Urch October 15 663 663 2.36 361 1,060,317 0.4%
- Executive
Vice President, October 31 732 732 2.13 355
Finance and
Chief Financial November 15 763 763 2.05 338
Officer
November 30 1,032 1,032 1.51 433
December 15 1,646 1,646 0.95 560
December 31 1,539 1,539 1.02 480
Suneel Gupta - October 15 663 663 2.36 361 484,510 0.2%
Executive Vice
President and October 31 732 732 2.13 355
Chief Operating
Officer November 15 763 763 2.05 338
November 30 1,032 1,032 1.51 433
December 15 1,646 1,646 0.95 560
December 31 1,539 1,539 1.02 480
(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 2.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 (mid-month 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 4, 2016.
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 Wei Loon Yap
+44 0 207 523 8000
AIM BROKER:
FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200
END
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