Directors Warrants Extension
23 Juni 2003 - 7:42PM
UK Regulatory
RNS Number:6716M
Northern Petroleum PLC
23 June 2003
Northern Petroleum Plc
("the Company")
EXTENSION OF EXERCISE DATE OF WARRANTS ISSUED TO DIRECTORS
Northern Petroleum Plc announces the extension of the exercise date of the
following warrants, originally issued to its Directors on 13 November 2001, to
purchase 1p Ordinary Shares of the Company as follows:
R H R Latham 600,000
D R Musgrove 1,250,000
D A Roberts 400,000
J M White 600,000
The above warrants were due to be exercised on or before 30 November 2003 at a
subscription price of 3.125p per share, but the Board has decided to extend the
exercise date until 30 November 2005 at the same subscription price. The
extension of the exercise date is a continuation of the Board's policy of making
low salary payments but providing performance based incentives to its Directors.
-Ends-
For further details, please contact:
Derek Musgrove
Managing Director
020 7743 6080
Ben Simons
Hansard Communications
020 7245 1100
This information is provided by RNS
The company news service from the London Stock Exchange
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