Coastal Energy Company
11.01.2012 02:00
---------------------------------------------------------------------------
HOUSTON, 2012-01-11 02:00 CET (GLOBE NEWSWIRE) --
Coastal Energy Company (the 'Company') (TSX:CEN) (AIM:CEO) announces that it
granted a total of 1,538,773 incentive stock options to directors, officers,
employees and contractors of the Company, pursuant to the Company's Stock
Option Plan on 14 December 2011. These options are exercisable at a price of
Cdn $14.04 per share, vest equally over a period of three (3) years and expire
five (5) years from the date of award. The following directors and officers
were granted the following options.
Director / Officer Number of Options Total Options Outstanding
This Grant After This Grant
Randy L. Bartley 635,303 4,065,807
William C. Phelps 262,281 939,193
John Griffith 211,428 853,512
Stephen M. Holder 40,799 305,272
Jerry A. Moon, Jr. 73,739 434,052
Subtotal directors and officers 1,223,550 6,597,836
All other directors and officers
All other employees 315,223 1,950,957
Total all options 1,538,773 8,548,793
As at December 31, 2011 the Company had 113,605,881 shares of common stock
issued and outstanding.
In addition, the Company granted a total of 205,628 restricted stock units
('RSUs') to directors, officers, employees and contractors of the Company,
pursuant to the Company's Restricted Stock Unit Plan on 14 December 2011. These
RSUs vest equally over a period of three (3) years. The following directors and
officers were granted the following RSUs:
Director / Officer Number of RSUs Total RSUs Outstanding
This Grant After This Grant
Randy L. Bartley 66,899 66,899
William C. Phelps 27,069 27,069
John Griffith 20,321 20,321
Stephen M. Holder 5,414 5,414
Jerry A. Moon, Jr. 9,745 9,745
Subtotal directors and officers 129,448 129,448
All other directors and officers 37,897 37,897
All other employees 38,283 38,283
Total all RSUs 205,628 205,628
The Coastal Energy Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10062
These securities have not been registered under United States Securities Act of
1933 (the 'US Securities Act') or the securities laws of any state and may not
be offered or sold in the United States or to US persons (as defined in
Regulation S under the US Securities Act) unless an exemption from registration
is available.
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.
CONTACT: Coastal Energy Company
Email: investor@CoastalEnergy.com
+1 (713) 877-6793
Strand Hanson Limited (Nominated Adviser)
+44 (0) 20 7409 3494
Rory Murphy
Paul Cocker
Stifel Nicolas Weisel (Broker)
+44 (0) 20 3205 3615
Paul Colucci
Macquarie Capital (Europe) Limited (Broker)
+44 (0) 20 3037 2000
Ben Colegrave
Paul Connolly
Buchanan Communications
+44 (0) 20 7466 5000
Tim Thompson
Katharine Sutton
Ben Romney
News Source: NASDAQ OMX
11.01.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Coastal Energy Company
Cayman Islands
Phone:
Fax:
E-mail:
Internet:
ISIN: KYG224041189
WKN:
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
DGAP-News: Coastal Energy Company Grants Stock Options
| Source: EQS Group AG