RNS Number : 6537P
Sound Oil PLC
26 October 2012

26 October 2012


Sound Oil plc

("Sound Oil" or "the Company")


Grant of Options


The Company announces that on 26 October 2012 options over a total of 13,000,000 new ordinary shares of the Company were granted to the following directors (the "Options"), following their new appointments:




Number of Options granted

Andrew Hockey

Non-executive Chairman


James Parsons

Chief Executive Officer



The Options have an exercise price of 1.65 pence per share, approximating to 0.5 pence above the closing mid-market price of the Company's shares on 25 October 2012. One third of the Options are immediately exercisable, one third after twelve months and the final third after twenty-four months, with all Options lapsing after four years from the date of grant.




For further information please contact:


Sound Oil

James Parsons, Chief Executive Officer




Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones


Tel: 44 (0)20 7131 4000

Westhouse Securities - Broker

Antonio Bossi

Jonathan Haines


Tel: 44 (0)20 7601 61005


Tim Thompson

Helen Chan

Tom Hufton


Tel: 44 (0)20 7466 5000



This information is provided by RNS
The company news service from the London Stock Exchange