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
(Cdn. $) |
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 |
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- 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
- 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