Bankers Petroleum Limited Employee Stock Savings Plan - August 31, 2016 Update
02 9월 2016 - 3:00PM
UK Regulatory
TIDMBNK
September 1, 2016
AIM: BNK
Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company")
Employee Stock Savings Plan - August 31, 2016 Update
Further to the Company's announcement of January 16, 2013 regarding the
implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum
announces that during the period from August 16, 2016 to the period ending
August 31, 2016, the following purchases were made by senior employees:
Name Date of Number of Employer's Purchase Employer's Resulting Resulting
Purchase Common Contribution Price Contribution Number of Holding
Shares (1) (Cdn. $) Vested(2) Common as at
Purchased Shares 31 August
held as at 2016 as
31 % total
August voting
2016 rights
David August 31 1,165 583 1.93 1,023 277,102 0.1%
French,
President
and Chief
Executive
Officer
Douglas C. August 31 769 385 1.93 675 1,106,000 0.4%
Urch,
Executive
Vice
President,
Finance and
Chief
Financial
Officer
Suneel August 31 770 385 1.93 675 610,195 0.2%
Gupta,
Executive
Vice
President
and Chief
Operating
Officer
1. These shares are the matching shares purchased by the Company, which shall
vest to the shareholder twelve months from the date of purchase, provided
the shareholder is still an employee of the Company. As of January 1, 2016
the Company's matching shares were reduced from 100% to 50% of the
employees purchase amount.
2. These shares are the matching shares purchased by the Company twelve months
ago and are now vested to the shareholder.
As previously announced, under the ESSP, employees may use up to 10% of their
salary (matched equally by the Company) to purchase Bankers Petroleum shares on
the Toronto Stock Exchange, on each pay period (midmonth and month-end). David
French, Douglas Urch and Suneel Gupta elected to participate in the plan, with
a participation level of 10% of each of their respective salaries.
All further announcements regarding the senior employees' participation in the
?ESSP will be announced within 3 business days of their occurrence and
accordingly the next announcement is expected on September 20 or sooner, if
required.
For further information, contact:
Doug Urch
Executive VP, Finance and Chief Financial Officer
Ph: (403) 513-2691
Email: investorrelations@bankerspetroleum.com
Website: http://www.bankerspetroleum.com/
AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor
+44 0 207 523 8000
AIM BROKER:
FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200
END
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