TRIN Trinity Exploration & Production Plc

TIDMTRIN

RNS Number : 4159I

Trinity Exploration & Production

02 July 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Trinity Exploration & Production plc

(the "Company" or "Trinity"; AIM:TRIN)

2 July 2013

Trinity, the leading independent E&P company focused on Trinidad and Tobago, announces that on 1 July 2013 the Board approved the grant of Options to Executive Directors under the Long-Term Incentive Plan as follows:

 
    RECIPIENT      NUMBER OF ORDINARY SHARES SUBJECT 
                             TO THE OPTION 
================  ================================== 
 Bruce Dingwall                 189,600 
================  ================================== 
 Joel Pemberton                 237,000 
================  ================================== 
 

The vesting of the above Options is subject to meeting performance targets relating to reserves growth and the Company's share price performance at the end of the 2015 financial year but will not vest until 1 January 2017. Subject to meeting these conditions, the Options are exercisable at zero cost to the recipient.

Enquiries

 
 Trinity Exploration & Production              Tel: +44 (0)20 7404 
  Monty Pemberton, Chief Executive Officer      5959 
  Robert Gair, Corporate Development Manager 
 RBC Capital Markets (NOMAD & Joint Broker)    Tel: +44 (0) 20 7653 
  Tim Chapman                                   4000 
  Matthew Coakes 
  Daniel Conti 
 Jefferies (Joint Broker)                      Tel: +44 (0) 20 7029 
  Chris Zeal                                    8000 
  Graham Hertrich 
 Brunswick Group LLP (PR Adviser)              Tel: +44 (0) 20 7404 
  Patrick Handley                               5959 
  Catriona McDermott 
 

About Trinity

Trinity is the largest independent E&P company focused on Trinidad and Tobago. Trinity operates assets onshore and offshore on both the West and East coasts. Trinity's portfolio includes current production, significant near-term production growth opportunities from low risk developments and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its licences and has 2P reserves of 36 mmbbl and current production of c.3,900 bopd. Trinity is listed on the AIM market of the London Stock Exchange under the ticker TRIN.LN.

This information is provided by RNS

The company news service from the London Stock Exchange

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