Nighthawk Energy plc Director/PDMR Shareholding (7569J)

TIDMHAWK

RNS Number : 7569J

Nighthawk Energy plc

19 July 2013

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

Grant of Share Options

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces that it has granted a total of 11.0 million share options to subscribe for ordinary shares of 0.25p each in the Company ("Shares") to certain directors, senior management and employees in accordance with the Company's Share Option Scheme, as follows:

-- 6.0 million options have been granted to certain directors, senior management and employees with an exercise price of 6.24 pence per Share and which vest subject to the Company's share price achieving an average of 12 pence per Share (subject to adjustment in accordance with the rules of the Share Option Scheme) over a period of 30 consecutive business days within two years of the date of grant (the "Performance Condition") ("Performance Condition Options"). The Performance Condition Options lapse at midnight on the second anniversary of the date of grant irrespective of the Performance Condition having been met; and

-- 5.0 million options have been offered to certain directors and senior management subject to a grant price of 0.65 pence (1 US cent) per option being paid by the optionholder to the Company upon award (the "Grant Price Options"). The Grant Price Options have an exercise price of 7.25 pence per Share and are exercisable immediately following payment of the grant price up until midnight on the second anniversary of the date of grant at which time they will lapse.

As part of this grant of 11.0 million share options, the following grants have been made to Directors:

 
                               Number of                            Shareholding in Company 
                      --------------------------                ------------------------------ 
                                                   Total Share 
                       Performance                  options      Number 
                        Condition    Grant Price    following     of Ordinary   % of issued 
 Director               Options       Options       this grant    Shares         share capital 
 
 Stephen Gutteridge    900,000       1,100,000     8,000,000     2,700,000      0.29% 
 Richard Swindells     600,000       700,000       9,300,000     878,137        0.1%

- Ends-

Enquiries:

 
Nighthawk Energy plc 
 Stephen Gutteridge, Chairman 
 Richard Swindells, Chief Financial 
 Officer                                                       020 3582 1350 
Westhouse Securities                                           020 7601 6100 
 Limited                                richard.baty@westhousesecurities.com 
 Richard Baty                             ian.napier@westhousesecurities.com 
 Ian Napier 
Investec Bank plc                                              020 7597 4000 
 Chris Sim                                          chris.sim@investec.co.uk 
 George Price                                    george.price@investec.co.uk 
FTI Consulting                                                 020 7831 3113 
 Ben Brewerton                               ben.brewerton@fticonsulting.com 
 Ed Westropp                               edward.westropp@fticonsulting.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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