Share Issue/Capital Change • May 21, 2018
Share Issue/Capital Change
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ISSUE OF UNLISTED SHARE OPTIONS
African Petroleum Corporation Limited ("African Petroleum" or the "Company") advises that a total of 6,000,000 unlisted share options with an exercise price of NOK 1.60 per share and an expiry date of 31 May 2023 were issued today to employees and consultants, and directors of the Company, as follows:
Directors
Jens Pace (CEO) 1,500,000 unlisted share options
Stephen West (CFO) 1,500,000 unlisted share options
David King (Non-executive Chairman) 500,000 unlisted share options
Bjarne Moe (Non-executive director) 200,000 unlisted share options
Timothy Turner (Non-executive director) 200,000 unlisted share options
Employees & consultants 2,100,000 unlisted share options
After the above share option issues, the Company has 19,138,240 share options on issue.
Following the above issue of unlisted share options, the Directors of the Company hold the following shares and options in the Company:
Jens Pace
Shares 1,498,938
Options 58,334 Exercise price of AU$3.00, expiring 22 November 2018
Options 200,000 Exercise price of NOK 4.00, expiring 28 April 2020
Options 350,000 Exercise price of NOK 1.70, expiring 15 November 2020
Options 1,000,000 Exercise price of NOK 1.70, expiring 22 December 2020
Options 1,500,000 Exercise price of NOK 7.75, expiring 31 May 2022
Options 1,500,000 Exercise price of NOK 1.60, expiring 31 May 2023
Stephen West
Shares 1,377,544
Options 58,334 Exercise price of AU$3.00, expiring 22 November 2018
Options 100,000 Exercise price of AU$2.40, expiring 3 June 2019
Options 200,000 Exercise price of NOK 4.00, expiring 28 April 2020
Options 270,000 Exercise price of NOK 1.70, expiring 15 November 2020
Options 1,000,000 Exercise price of NOK 1.70, expiring 22 December 2020
Options 1,500,000 Exercise price of NOK 7.75, expiring 31 May 2022
Options 1,500,000 Exercise price of NOK 1.60, expiring 31 May 2023
David King
Shares 30,000
Options 500,000 Exercise price of NOK 7.75, expiring 31 May 2022
Options 500,000 Exercise price of NOK 1.60, expiring 31 May 2023
Bjarne Moe
Shares 10,000
Options 50,000 Exercise price of NOK 4.00, expiring 28 April 2020
Options 200,000 Exercise price of NOK 1.70, expiring 22 December 2020
Options 200,000 Exercise price of NOK 7.75, expiring 31 May 2022
Options 200,000 Exercise price of NOK 1.60, expiring 31 May 2023
Timothy Turner
Shares 4,167
Options 200,000 Exercise price of NOK 7.75, expiring 31 May 2022
Options 200,000 Exercise price of NOK 1.60, expiring 31 May 2023
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
*****
For further information, please contact:
Jens Pace, Chief Executive Officer
Stephen West, Chief Financial Officer
Tel: +44 20 3655 7810
Angeline Hicks, Company Secretary
Tel: + 61 401 489 883
Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000
About African Petroleum
African Petroleum is an independent oil and gas exploration company with licence interests in offshore West Africa (Senegal, The Gambia and Sierra Leone). The Company's assets are located in proven hydrocarbon basins in the West African Transform Margin and the Atlantic Margin, where several discoveries have been made in recent years.
For more information about African Petroleum, please see www.africanpetroleum.com.au
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