Bankers Petroleum Limited Employee Stock Savings Plan
03 August 2016 - 4:00PM
UK Regulatory
TIDMBNK
August 3, 2016
AIM: BNK
Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company")
Employee Stock Savings Plan - July 29, 2016 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 period from July 16, 2016 to the period ending July
29, 2016, 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
Shares (1) (Cdn. $) Vested(2) Common as at
Purchased Shares 29 July
held as at 2016 as
29 July % total
2016 voting
rights
David July 29 1,125 563 2.00 940 272,697 0.1%
French,
President and
Chief
Executive
Officer
Douglas C. July 29 743 372 2.00 621 1,103,092 0.4%
Urch,
Executive
Vice
President,
Finance and
Chief
Financial
Officer
Suneel Gupta, July 29 743 372 2.00 620 607,287 0.2%
Executive
Vice
President and
Chief
Operating
Officer
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.
All further announcements regarding the senior employees' participation in the
?ESSP will be announced within 3 business days of their occurrence and
accordingly the next announcement is expected on August 18 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: 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
END
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