SOURCE: Golar LNG

October 23, 2009 14:16 ET

Golar LNG - Share Option Plan 2009

HAMILTON, BERMUDA--(Marketwire - October 23, 2009) - The Board of Golar LNG Limited has approved the grant of 250,000 share options to Directors and employees of the Company and its subsidiaries under the terms of the Company's existing share option scheme. The options have a strike price set at $11.80 per share. One third of the options vest on June 30, 2010 and the remaining two thirds vest one third each year over the following two years, assuming continued employment, and the option period is five years. The allocation of these options to Primary Insiders is set out in the attached file.

A total of 200,000 options have been exercised on October 22, 2009 at an average price of $13.24 and a strike price of $9.89. After this exercise the total number of outstanding options granted after this grant and the cancellation noted above is 1,546,834.

October 23, 2009
The Board of Directors
Golar LNG Limited
Hamilton, Bermuda.

GOL share option plan 2009: http://hugin.info/133076/R/1349886/325491.pdf

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Contact Information

  • Contact
    Graham Robjohns
    Chief Accounting Officer & Group Financial Controller
    Tel: +44 20 7517 8600