Issue of Options
February 22, 2008
PetroNeft Resources plc
Issue of Options
On 21 February 2008, options over ordinary shares of nominal value €0.01 ('Options') were awarded to directors and persons discharging management responsibility in the Company in accordance with the Company's share option scheme. The exercise price of these options is the closing price of the ordinary shares of the Company on the AIM market of the London Stock Exchange on 20 February 2008 which was STG£0.3615. The options will only vest once certain time, company performance and total shareholder return targets have been met.
Number of Options issued Total number of Options held Directors David Golder 55,000 495,000 330,000 1,210,000 David Sanders 280,000 1,160,000 Desmond Burke 175,000 835,000 Thomas Hickey 45,000 353,000 Vakha Sobraliev 35,000 475,000 PDMR Paul Dowling 175,000 575,000 Total 1,095,000 5,103,000
For further information please contact:
+1 713 988 2500
Paul Dowling, CFO, PetroNeft Resources plc (
+353 1 4433720
Desmond Burke, Director Investor Relations, PetroNeft Resources plc (
+353 52 53226
John Frain/Brian Garrahy, Davy (Nomad and IEX Adviser)
+353 1 679 6363
