RNS Number : 4264J
Dominion Petroleum Limited
02 December 2008
02 December 2008
Dominion Petroleum Limited
('Dominion' or 'the Company')
Non-Executive Director exercise of options ('the Options')
In the Company's admission document dated 06 December 2006 Dominion disclosed the interest of Mr Kenneth. C Ambrecht, a non-executive director of the Company, in options over a total of 28,335,548 common shares of the Company. These included Options over 11,232,054 common shares held by York Fidelity Limited ('York') and 2,108,000 common shares held by City Sphere Limited ('City').
Dominion was informed on 03 November 2008 that on that date Mr Ambrecht had given notice of exercise of Options over 11,232,054 common shares held by York and over 2,108,000 common shares held by City. The Options were exercised at a strike price of US$0.0001 per common share. The table below details Mr Ambrecht's interests in the common shares of the Company following exercise of the York and City Options.
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Number of common shares pre-exercise of Options
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Number of common shares under Option with York and City
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Number of common shares post-exercise of the York and City Options
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Per cent. of the issued share capital owned post exercise of the York and City Options
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Remaining further options over the common shares of the Company
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2,234,500
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13,340,054
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15,574,554
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3.57
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14,995,494
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ENQUIRIES:
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Dominion Petroleum Limited
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Mike Garland, Chief Executive
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+44 (0) 20 7811 5300
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Rob Shepherd, Finance Director
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Pelham Public Relations
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Archie Berens
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+44 (0)20 7743 6679 / +44 (0)7802 442 486
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Seymour Pierce Limited
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+44 (0)207 107 8000
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Corporate Finance
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Nandita Sahgal, Christopher Wren
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Corporate Broking
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Richard Redmayne / David Banks
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Tristone Capital Limited
Nick Morgan
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+44 (0)207 355 5800
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ABOUT DOMINION PETROLEUM
See www.dominionpetroleum.com
This information is provided by RNS
The company news service from the London Stock Exchange
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