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Notice of AGM and Share Option Scheme
Notice of AGM and Share Option Scheme.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n \nRNS Number : 9109W Mosman Oil and Gas Limited 20 November 2017 \n\n \n20 November 2017\n \n \nMosman Oil and Gas Limited\n(\"Mosman\" or the \"Company\")\n \n \nNotice of Annual General Meeting and Share Option Scheme\n \nMosman Oil and Gas Limited (AIM: MSMN), the oil exploration, development and production company, is pleased to advise that the Notice of Annual General Meeting has been dispatched to shareholders today. At the Annual General Meeting, the Company will be seeking shareholder approval to establish a Company Share Option Plan and grant options to certain Directors, key employees and consultants of Mosman. These new share options are expected to be issued at an exercise price being the higher of 2p or a 35% premium to the 5 day VWAP prior to the AGM (\"New Share Options\").\n \nThe options proposed under the grant are as follows:\n \n\n\n\n\nName \n\n\nPosition\n\n\nNumber of New Share Options to be granted\n\n\nNew Share Options as a % of total existing shares in issue\n\n\n\n\nMr John Barr\n\n\nExecutive Chairman\n\n\n3,000,000\n\n\n1.00%\n\n\n\n\nMr Andrew Carroll\n\n\nTechnical Director\n\n\n3,000,000\n\n\n1.00%\n\n\n\n\nMr John Young\n\n\nNon-Executive Director\n\n\n1,500,000\n\n\n0.50%\n\n\n\n\nMr Jarrod White\n\n\nChief Financial Officer\n\n\n1,000,000\n\n\n0.33%\n\n\n\n\nMr Howard McLaughlin\n\n\nUS Operations Manager \n\n\n750,000\n\n\n0.25%\n\n\n\n\n \n \nThe Annual General Meeting will be held at 11.00am on 18 December 2017 at Suite 305, Level 3, 35 Lime Street, Sydney NSW 2000 Australia (EDST).\n \nAs Directors of the Company John Barr, Andrew Carroll and John Yong are classified as related parties under the AIM Rules and therefore the grant of New Share Options to each of them is classified as a related party transaction for the purposes of Rule 13 of the AIM Rules. Given that no Directors are deemed to be independent of the grant of the New Share Options, the Company's Nominated Adviser, SP Angel Corporate Finance LLP, considers that the terms of the related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned.\n \nThe Explanatory Memorandum and Proxy Forms are available on the Company's website: www.mosmanoilandgas.com\n \n \nMarket Abuse Regulation (MAR) Disclosure...