Source - LSE Regulatory
RNS Number : 8065I
Global Petroleum Ltd
06 December 2022

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.


6 December 2022

Global Petroleum Limited

("Global" or "the Company")


Issue of Incentive Options to Director

The Company has granted incentive options over the Company's ordinary shares to the CEO as detailed below. 

The Board has chosen to grant these incentive options in order to attract and retain the services of the CEO and to provide incentive linked to the performance of the Company.

The incentive options are exercisable at a price of 0.415 pence per share, being a 15 per cent premium to the volume weighted average price of the Company's shares over the five trading day period up to and including 5 December 2022. The incentive options expire on the fifth anniversary of the date of grant.

Director                               No. of incentive options

Peter Hill                                              6,000,000


For further information please visit or contact:

Global Petroleum Limited

+44 (0) 20 3 875 9255

Peter Hill, Managing Director & CEO

Andrew Draffin, Company Secretary

Panmure Gordon (UK) Limited (Nominated Adviser & Joint Broker)

+44 (0) 20 7886 2500

John Prior / Ailsa MacMaster

Corporate Broking: Hugh Rich


OvalX (Joint Broker)

Thomas Smith

+44 (0) 20 7392 1568


Tavistock (Financial PR & IR) 

Simon Hudson / Nick Elwes


+44 (0) 20 7920 3150





Details of the person discharging managerial responsibilities / person closely associated



Peter Hill


Reason for the Notification



Chief Executive Officer


Initial notification/Amendment



Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Global Petroleum Limited





Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


Description of the Financial instrument, type of instrument

Ordinary shares

Identification code



Nature of the transaction

Options to acquire ordinary shares


Price(s) and volume(s)

Price: 0.415p, Volume: 6,000,000


Aggregated information:

Aggregated volume



Date of the transaction

6 December 2022


Place of the transaction

London Stock Exchange, Alternative Investment Market (AIM)



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