Business
Grant of options
Grant of options.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \nEuropa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n\n13 June 2017\n\nEuropa Oil & Gas (Holdings) plc (‘Europa’ or ‘the Company’)\n\nGrant of options\n\nEuropa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, announces that it has today awarded a total of 6,500,000 options (“Optionsâ€) over ordinary shares of 1p each in the Company (“Ordinary Sharesâ€) to Directors and staff. The Options, representing 2.2% of the current issued share capital, have been granted in recognition of the continuing 20% salary cuts taken by the Board and office based staff while oil prices have been depressed. Prior to this award the Company had 15,365,000 options outstanding, therefore there are now a total of 21,865,000 options outstanding, representing approximately 7.3% of the Company’s current issued share capital.\n\n\n\n\nOptions Awarded\nPercentage of current issued share capital\n\n\n\nHugh Mackay\n3,500,000\n1.2%\n\n\n\nPhil Greenhalgh\n1,500,000\n0.5%\n\n\n\nRoderick Corrie\n300,000\n0.1%\n\n\n\nOther staff\n1,200,000\n0.4%\n\n\n\nTotal\n6,500,000\n2.2%\n\n\n\nAll of the Options have an exercise price of 8 pence per Ordinary Shares (a 33% premium to the price at which Ordinary Shares were issued in the Placing and Open Offer announced on 24 May 2017) and expire on 12 June 2027. The Options only vest if the closing mid-market price of an Ordinary Share is above 10 pence per Ordinary Share for 30 calendar days.\n\nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n\n\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\na)\nName\nRoderick James Hugh McLeod Corrie\n\n\n\n\nReason for the Notification\n\n\n\na)\nPosition/status\nDirector\n\n\n\nb)\nInitial notification/Amendment\nInitial notification\n\n\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\na)\nName\nEuropa Oil & Gas (Holdings) plc\n\n\n\nb)\nLEI\n213800JWTCW7TN3WRC06\n\n\n\n\nDetails of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where tra...