DIRECTORS of Edinburgh oil company Bowleven have missed out on pound(s)121,000 worth of share awards after a year in which its market value plunged pound(s)89 million. Bowleven said its remuneration committee had determined that performance conditions relating to a long-term incentive plan dating back to 2011 had not been met. The biggest loser was chief executive Kevin Hart who had initially been awarded 105,263 shares under the scheme. At last night's closing price of 41p, these would have been worth more than pound(s)43,000. Exploration director Ed Willett lost out on a 60,526 share award worth nearly pound(s)25,000. Chief Tabetando, a lawyer and poltiical leader from Cameroon who is an executive director of Bowleven , lost out on pound(s)23,000 given his 56,579 share allocation. General counsel Peter Wilson missed out on an award with a paper value of pound(s)16,000. Kerry Crawford , who took over as finance director last week after longstanding Bowleven staffer John Brown quit for a post in the United Arab Emirates , lost pound(s)14,000 worth of shares.
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