Global Petroleum Ltd Grant of Shares to Directors (1811I)
August 26 2016 - 2:00AM
UK Regulatory
TIDMGBP
RNS Number : 1811I
Global Petroleum Ltd
26 August 2016
26 August 2016
Global Petroleum Limited
("Global" or "the Company")
Grant of Shares to Directors
Global Petroleum Limited - AIM: GBP, ASX: GBP - the oil and gas
exploration company presently focused on emerging plays in Africa
and the Mediterranean, announces that it has today made a
discretionary grant and allotment of the following ordinary shares
of no par value ("Ordinary Shares") to Directors in accordance with
the approval given by shareholders in this regard at the Company's
Annual General Meeting held in Brisbane on 17 November 2015:
Name Value Issue Price No. of No. of Ordinary % voting rights
Ordinary Shares held following
Shares following Admission
Issued Admission
--------------- ---------- ------------ ---------- ---------------- ----------------
Peter Hill GBP8,281 1.60p 517,545 2,744,472 1.35
--------------- ---------- ------------ ---------- ---------------- ----------------
John van
der Welle GBP1,498 1.60p 93,629 291,151 0.14
--------------- ---------- ------------ ---------- ---------------- ----------------
Peter Taylor A$1,546 3.17c 48,771 40,485,773 19.98
--------------- ---------- ------------ ---------- ---------------- ----------------
Peter Blakey A$1,546 3.17c 48,771 39,864,468 19.67
--------------- ---------- ------------ ---------- ---------------- ----------------
Damien Cronin A$4,125 3.17c 130,126 478,015 0.24
--------------- ---------- ------------ ---------- ---------------- ----------------
The number of shares issued was based on the average share price
for the period 1 May to 31 July 2016, being A$0.03173 on ASX and
GBP0.01602 on the London Stock Exchange, and on the 25% cash value
forgone by the Directors of their entitlements (less applicable UK
income taxes and National Insurance contributions) as set out in
audited Remuneration Report in the Company's 2014-2015 Annual
Report.
The new Ordinary Shares will rank equally in all respects with
the existing ordinary shares of the Company. Application for
admission to trading on AIM ("Admission") for 838,842 new Ordinary
Shares has been made and Admission is expected to be effective from
31 August 2016.
Following Admission, the total issued share capital of the
Company will be 202,652,927 ordinary shares. The Company holds no
Ordinary Shares in treasury.
An Appendix 3B and Directors' Appendix 3Ys will be separately
released on ASX
For further information please visit www.globalpetroleum.com.au
or contact:
Global Petroleum Limited
+44 (0) 20 7495
Peter Hill, Managing Director & CEO 6802
+61 (0) 7 3310
Damien Cronin, Company Secretary 8732
RFC Ambrian Limited (Nominated Adviser & Joint
Broker)
+44 (0) 20 3440
Charlie Cryer / Oliver Morse 6800
FirstEnergy Capital LLP (Joint Broker)
+44 (0) 20 7448
Hugh Sanderson 0200
Tavistock (Financial PR & IR)
+44 (0) 20 7920
Simon Hudson / Edward Portman 3150
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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