Business
Appointment of Advisers
Appointment of Advisers.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n \n \n \n \n \n 1st June 2022\n \n \n \n \n \n Europa\n Oil & Gas (Holdings) plc\n \n \n \n \n \n (\"Europa\" or the \"Company\")\n \n \n \n \n \n \n Appointment of Nominated Adviser, Broker, PR Adviser,\n \n \n \n \n Director Disclosures and Options Grant\n \n \n \n \n \n \n \n \n \n \n \n Europa Oil & Gas (Holdings) plc, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, is pleased to announce the appointment of new advisers to the Company with immediate effect, namely:\n \n \n ·\n Strand Hanson Limited, one of London's leading independent advisers, as its Nominated and Financial Adviser (\"Nomad\");\n \n \n ·\n Tennyson Securities, a specialist boutique energy, natural resources and technology broker with in-house sub-surface expertise and number one rated analyst, as its sole Broker; and,\n \n \n ·\n Vigo Consulting, as its communications adviser with extensive experience in the energy and natural resources sector.\n \n \n \n \n \n Grant of Options\n \n \n \n \n \n Further to the Company's announcement of 28 April 2022 and Will Holland's appointment to the Board of Directors becoming effective today, the Board of Directors has agreed to issue options over a total of 3,721,000 ordinary shares of 1 penny each in the capital of the Company (\"Share Options\") to Will Holland under the Company's Enterprise Management Incentive (EMI) Share Option Plan. The Share Options have an exercise price of 2.31 pence per ordinary share and vest in three equal tranches after each of 12, 24 and 36 months and will be valid to 1st June 2028. Exercise of the Share Options will be conditional on the closing average mid-market price of an ordinary share exceeding the exercise price by two times for 30 consecutive trading days.\n \n \n \n \n \n Simon Oddie, CEO, said:\n \n \n \n \n \n \"I'm very pleased to formally announce the appointment of our new advisers, some of which have already helped Europa in various capacities in recent months, especially as part of the Serenity farm-in process. We now have an advisory team that has the right knowledge and experience to continue to help us ...