Sterling Energy plc : Grant of Shares to Director
03/20/2012| 12:16pm US/Eastern
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20 March 2012
STERLING ENERGY PLC ("Sterling" or the "Company")
Grant of Shares to Director
Sterling Energy Plc ("Sterling" of the "Company") (AIM: SEY),
the independent oil and gas exploration and production
company with interests in the Middle East and Africa, today
advises that it has granted 102,000 Ordinary Shares of 40p
each (the "Shares") in Sterling Energy Plc to Angus
MacAskill, Chief Executive, in settlement of a bonus awarded
for 2011 under the Sterling Energy Plc Bonus Plan. The Shares
have been granted with the restriction that they may not be
traded for a period of 12 months from the date of issue.
Application has today been made for the 102,000 Ordinary
Shares of 40p each in the Company to be admitted to trading
on the AIM market of the London Stock Exchange ("Admission").
The Shares will rank pari passu with the Company's existing
Ordinary Shares and dealings are expected to commence on AIM
on 26 March 2012.
Following Admission, the total issued share capital of the
Company will be 219,491,020
Ordinary Shares of 40p each.
Subsequent to this award, Mr MacAskill's beneficial interest
will total 202,000 Ordinary Shares of 40p each representing
0.09% of the issued share capital of the Company. Mr
MacAskill also has beneficial interest in 1,609,800 options
under the All Staff Long Term Incentive Plan.
Further information:
Sterling Energy plc (+44 20 7405 4133)
Alastair Beardsall, Chairman Angus MacAskill, Chief Executive
Web site: www.sterlingenergyplc.com
Liberum Capital (+44 20 3100 2222)
Simon Atkinson
Tim Graham
OK to release ASAP
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This press release was issued by Sterling Energy plc and was initially posted at http://www.sterlingenergyuk.com/pdf/regulatory/2012-03-20_Director_Shares.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-20 18:10:14 PM. The issuer is solely responsible for the accuracy of the information contained therein.
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