Company Registration No. 197300166Z
SGX ANNOUNCEMENTCounter Name: Interra Res (Code: 5GI)
20 January 2017
EXPIRY OF OPTION PERIOD OF OPTIONS PURSUANT TO THE INTERRA SHARE OPTION PLANUnless otherwise defined, capitalised terms herein shall have the same meaning as ascribed to them in the Company's announcement dated 20 January 2012 and the Company's announcement dated 19 December 2016 (the "Notice of Expiry Announcement") and the rules of the Interra Share Option Plan (as amended on 28 April 2011) (the "Plan").
Further to the Notice of Expiry Announcement, the Board wishes to announce that 7,110,000 Options to subscribe for ordinary shares of the Company have expired on
20 January 2017 (Friday) (the "Expired Options"). The Expired Options were granted to the Participants on 20 January 2012 pursuant to the Plan and were exercisable at an exercise price of S$0.148 per share.
The number of Expired Options held by the Directors of the Company and Employees (who are not Directors, Controlling Shareholders or their Associates) were as follows:
Participants | Number of Expired Options |
Directors: | |
Allan Charles Buckler | 1,350,000 |
Low Siew Sie Bob | 350,000 |
Ng Soon Kai | 1,350,000 |
Tjia Marcel Han Liong | 4,000,000 |
Employees (who are not Directors, Controlling Shareholders or their Associates) | 60,000 |
Total | 7,110,000 |
The Board did not receive any Exercise Notice relating to the 7,110,000 Options as at 5:00 p.m. on 19 January 2017. Accordingly, as at the date of this announcement, all the Expired Options have lapsed and become null and void pursuant to the rules of the Plan.
By Order of the Board of Directors of INTERRA RESOURCES LIMITED
Marcel Tjia
Chief Executive Officer
About Interra
Interra Resources Limited, a Singapore-incorporated company listed on SGX Mainboard, is engaged in the business of petroleum exploration and production (E&P). Our E&P activities include petroleum production, field development and exploration. We are positioning ourselves to become a leading regional independent producer of petroleum.
Interra Resources Limited 1 Grange Road #05-04 Orchard Building Singapore 239693 Tel (65) 6732 1711 Fax (65) 6738 1170 www.interraresources.com
Interra Resources Limited published this content on 20 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 January 2017 09:43:00 UTC.
Original documenthttp://www.interraresources.com/download/announcements/2017-01-20 SG170120OTHR76UQ Expiry of Option Period of Options pursuant to ISOP.pdf
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