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Eco (Atlantic) Oil and Gas Ltd. Announces Restricted Share Unit Conversion
Restricted Share Unit Conversion TORONTO, ON / ACCESSWIRE / February 22, 2023 / Eco (Atlantic...
About this update from Eco (atlantic) Oil & Gas Ltd.
[{"type":"text","content":"Eco (Atlantic) Oil and Gas Ltd. Announces Restricted Share Unit ConversionRestricted Share Unit ConversionTORONTO, ON / ACCESSWIRE / February 22, 2023 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX‐V:EOG), the oil and gas exploration company focused on the offshore Atlantic Margins, announces that 600,000 of the Restricted Share Units (\"RSUs\") issued to directors, officers and advisers, pursuant to the Company's Restricted Share Units Plan were converted into 600,000 common shares of no par value in the Company (\"Common Shares\") (\"RSU Shares\") on 28 December 2022. Of the RSUs converted, Gil Holzman, Chief Executive Officer of Eco Atlantic, elected to convert 475,000 RSUs held by him (from which 325,000 Common Shares were issued to Gil Holzman and 150,000 Common Shares were issued to his wife) as detailed in the PDMR Notification Form below.Application has been made for admission of the 600,000 RSU Shares, which will rank pari passu with existing Common Shares, to trading on AIM (\"Admission\"). It is expected that Admission will become effective, and trading in the RSU Shares will commence, on or around 8:00 a.m. on 28 February 2023.On Admission, the enlarged issued share capital of the Company will be 365,682,014 Common Shares. It is noted that this figure takes into account the 841,824 Common Shares that were cancelled, as announced on 1 August 2022, which had not been deducted from the total voting rights announced on 20 December 2022. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.For more information, please visit www.ecooilandgas.com or contact the following:Eco Atlantic Oil and Gasc/o Celicourt +44 (0) 20 8434 2754Gil Holzman, CEOColin Kinley, COOAlice Carroll, Head of Marketing and IR+44(0)781 729 5070 | +1 (416) 318 8272Strand Hanson Limited (Financial & Nominated Adviser)+44 (0) 20 7409 3494James HarrisJames Bellman Berenberg (Broker)+44 (0) 20 3207 7800Matthew ArmittDetlir Elezi Echelon Capital (Financial Adviser N. America Markets) Ryan Mooney Simon Akit+1 (403) 606 4852+1 (416) 8497776Celicourt (PR)+44 (0) 20 8434 2754Mark AntelmeJimmy Lea Notes to editors:About Eco Atlantic:Eco Atlantic is a TSX-V and AIM-quoted At...