TETHYS PETROLEUM LIMITED: NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS.
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1. Name of the issuer 2. State whether the notification
relates to (i) a transaction
TETHYS PETROLEUM LIMITED 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 4. State whether notification relates
managerial to a person connected with a
responsibilities/director person discharging managerial
responsibilities/director named in
MARK SARSSAM 3 and identify the connected
person
N/A
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5. Indicate whether the notification 6. Description of shares (including
is in respect of a holding of the class), debentures or derivatives
person referred to in 3 or 4 above or financial instruments relating
or in respect of a non-beneficial to shares
interest(1)
N/A N/A
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7. Name of registered shareholders(s) 8. State the nature of the
and, if more than one, the number transaction
of shares held by each of them
N/A N/A
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9. Number of shares, debentures or 10. Percentage of issued class
financial instruments relating to acquired (treasury shares of that
shares acquired class should not be taken into
account when calculating
percentage)
N/A
N/A
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11. Number of shares, debentures or 12. Percentage of issued class
financial instruments relating to disposed (treasury shares of that
shares disposed class should not be taken into
account when calculating
percentage)
N/A
N/A
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13. Price per share or value of 14. Date and place of transaction
transaction
N/A
N/A
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15. Total holding following 16. Date issuer informed of
notification and total percentage transaction
holding following notification
(any treasury shares should not be
taken into account when N/A
calculating percentage)
75,000 Shares
1,230,000 Options
75,000 Warrants
Total: 1,380,000
0.45%
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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 18. Period during which or date on
which exercisable:
24 SEPTEMBER 2013 The options vest one third
immediately, one third after one
year and one third after two
years. The options will expire on
23 September 2018.
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19. Total amount paid (if any) for 20. Description of shares or
grant of the option debentures involved (class and
number)
NIL Option to acquire 240,000 ordinary
shares under the Tethys Petroleum
limited 2007 Long Term Stock
Incentive Plan.
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21. Exercise price (if fixed at time 22. Total number of shares or
of grant) or indication that price debentures over which options
is to be fixed at the time of held following notification
exercise
240,000 OPTIONS
CAD 0.74
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23. Any additional information 24. Name of contact and telephone
number for queries
This information is being supplied
on Mark Sarssam becoming a PDMR LIZ LANDLES
following his appointment as TEL: 01481 725911
Senior Vice President and
subsequent option award as
detailed in this form. Mr Sarssam
also holds the following shares,
options and warrants, all of which
he beneficially owns.
75,000 Shares
360,000 Options: Exercise price USD2.00; Issue date 16/02/11;
Expiry date 15/02/16
450,000 Options: Exercise price CAD0.66; Issue date 19/08/11;
Expiry date 18/08/14
180,000 Options: Exercise price CAD0.88 Issue date 23/04/12;
Expiry date 22/04/17
All the options vested one third immediately, one third after one year and one third after two years.
75,000 Warrants: Exercise price CAD0.64; Issue date 15/12/12;
Expiry date 14/06/14
60,000 Warrants: Exercise price CAD0.74; Issue date 24/03/13;
Expiry date 23/02/14
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Liz Landles
Corporate Secretary
Date of notification: 26/09/12