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ATI announces that the warrants due to lapse on 30 April 2010, held by Directors and employees of the Company, have all had their terms extended. The Remuneration Committee, and subsequently the Board of Directors of ATI, has resolved to extend the exercise period of the below warrants by three years. The Company’s Corporate Adviser has also been consulted on this matter. The Company received notification on 13 June 2008 from warrant holders agreeing to the variation.
The warrants held by Directors and employees which are subject to this extension are:
Name |
No. of Warrants over Ordinary 0.25p Shares |
Exercise Price |
C.J Foss |
250,000 |
10p |
I.D Livingstone |
450,000 |
10p |
D.R Musgrove |
250,000 |
10p |
Employees |
250,000 |
10p |
As a result of the three year extension, the warrants exercisable at 10p will now expire on 30 April 2013.
The Directors of the Issuer accept responsibility for this announcement.
-Ends-
Contact Details:
ATI Oil Plc
Derek Musgrove, Chairman
Chris Foss, Finance Director
Tel: 020 7469 2940
St.Helen’s Capital Plc
Barry Hocken/Duncan Vasey
Tel: 020 7628 5582
Hansard Communications
Chris Roberts/Kirsty Corcoran
Tel: 020 7245 1100
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