RNS Number : 0271G
Regal Petroleum PLC
22 January 2010
Regal Petroleum plc
("Regal" or the "Company")
22 January 2010
Sale of Shares by Directors
The Company has today been notified that the directors of the Company set out below, sold, on 21 January 2010, an aggregate of 860,417 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") at an average price of approximately £0.7675 each, primarily to cover exercise costs, tax and national insurance relating to the Long Term Incentive Plan Awards ("LTIP Awards") exercised by such directors on 20 January 2010.
Further details of such sales, together with these directors' holdings of Ordinary Shares, their respective percentage of the issued Ordinary Share capital of the Company, and their remaining holdings of LTIP Awards are as follows:-
Director Number of Shares Resultant Holding of Percentage of Issued Holding of LTIP Awards
Sold Shares Share Capital
Keith Henry 41,667 150,000 0.05 283,334
David J Greer 400,000 510,000 0.16 900,000
Hendrikus Verkuil 229,375 230,000 0.07 383,750
Robert Wilde 189,375 120,000 0.04 533,750
Adrian Coates - 77,245 0.02 93,334
The above holdings of Ordinary Shares and LTIP Awards represent all interests in Ordinary Shares held by Mr Henry, Mr Greer, Mr Verkuil, Mr Wilde and Mr Coates.
For further information, please contact:
Regal Petroleum Plc Tel: 020 7408 9500
David J Greer, CEO
Strand Hanson Limited Tel: 020 7409 3494
Simon Raggett / Rory Murphy
Mirabaud Securities Tel: 020 7878 3362
Peter Krens / Pav Sanghera
Citigate Dewe Rogerson Tel: 020 7638 9571
Martin Jackson / George Cazenove
This information is provided by RNS
The company news service from the London Stock Exchange
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