RNS Number : 5320I
Nautical Petroleum PLC
20 November 2008
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For immediate release
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20 November 2008
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Nautical Petroleum plc
('Nautical' or 'the Company')
Directors Shareholding
The Company announces that it has today granted options over 100,000 ordinary shares of 20.0p each in the Company to Mr Will Mathers, Finance Director, under the Company's Share Option Scheme. The option grant follows a proposal to the Board of Nautical by the Company's Compensation Committee following the committee meeting on 13 November 2008.
The options are to subscribe for new shares in the Company and the exercise price is 36.17p per share (being the average of the middle market quotations of Nautical shares for the 30 trading days preceding 13 November 2008). The options may be exercised semi-annually, on a pro rata basis, over a 24-month period from 13 November 2008. All share options must be exercised before 13 November 2016, failing which they will lapse.
As a result of the grant of these options, Will Mathers has the following interest in the ordinary share capital of the Company:
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Ordinary shares number
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Share options number
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Will Mathers
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0
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100,000
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For further information please contact:
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Nautical Petroleum plc
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020 7550 4890
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Steve Jenkins, Chief Executive Officer
Paul Jennings, Commercial Director
Will Mathers, Finance Director
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Buchanan Communications
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020 7466 5000
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Ben Willey
Ben Romney
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KBC Peel Hunt Ltd, Nominated Advisor and Broker
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020 7418 8900
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Jonathan Marren
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Matt Goode
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This information is provided by RNS
The company news service from the London Stock Exchange
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