18 January 2012
Tethys Petroleum Limited
Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons
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1. Name of the issuer
TETHYS PETROLEUM LIMITED
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2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
THE DISCLOSURE IS MADE IN ACCORDANCE WITH DTR 3.1.2 R
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3. Name of person discharging managerial responsibilities/director
JULIAN HAMMOND
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4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A
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5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest(1)
N/A
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6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
N/A
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7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
N/A
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8. State the nature of the transaction
N/A
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9. Number of shares, debentures or financial instruments relating to shares acquired
N/A
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10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
N/A
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11. Number of shares, debentures or financial instruments relating to shares disposed
N/A
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12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A
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13. Price per share or value of transaction
N/A
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14. Date and place of transaction
N/A
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15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
N/A
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16. Date issuer informed of transaction
N/A
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If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
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17. Date of grant
17 JANUARY 2012
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18. Period during which or date on which exercisable:
The options vest one third immediately, one third after one year and one third after two years. The options will expire on 16 January 2015.
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19. Total amount paid (if any) for grant of the option
NIL
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20. Description of shares or debentures involved (class and number)
Option to acquire 120,000 ordinary shares under the Tethys Petroleum limited 2007 Long Term Stock Incentive Plan.
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21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
CAD 0.66
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22. Total number of shares or debentures over which options held following notification
2,030,000 OPTIONS
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23. Any additional information
N/A
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24. Name of contact and telephone number for queries
LIZ LANDLES
TEL: 01481 725911
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Liz Landles
Corporate Secretary
Date of notification: 18/01/2012
