Tethys Petroleum Limited Press Release: Grant of Options
(firmenpresse) - GRAND CAYMAN, CAYMAN ISLANDS -- (Marketwired) -- 04/01/16 -- Tethys Petroleum Limited (TSX: TPL)(LSE: TPL) ("Tethys" or the "Company") announces the grant of options under the Company''s Long-Term Stock Incentive Plan ("LTSIP").
Grant of options pursuant to the LTSIP
The Company announces in accordance with the provisions of DTR 3 that each of the persons set out below, each being a Person Discharging Managerial Responsibility ("PDMR") of the Company (and together representing all of the PDMRs of the Company for the purposes of DTR 3), has today been granted the following options over ordinary shares of US$0.10 each in the capital of the Company pursuant to the LTSIP:
''Placing'' is defined as a transaction where Olisol Petroleum Limited, a wholly owned subsidiary of Olisol Investments Limited, or such other investor, subscribes for such number which brings significant funding into the Company.
Where the price per Share at which the Placing occurs is higher than the Exercise Price set out above then the Exercise Price shall automatically be adjusted to the Placing price and in any event where the par value of a Share on the date of exercise of this Option is higher than the Exercise Price as set out above, the Exercise Price shall automatically be adjusted to such par value.
As a result of the above, the PDMRs hold options over the following (aggregate) numbers of ordinary shares of the Company:
Contacts:
Tethys Petroleum Limited
Clive Oliver
Corporate Secretary
+44 207 821 6128
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Datum: 01.04.2016 - 01:42 Uhr
Sprache: Deutsch
News-ID 1425338
Anzahl Zeichen: 2768
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GRAND CAYMAN, CAYMAN ISLANDS
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Kategorie:
Oil & Gas
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