Europa Oil & Gas (Holdings) plcLSE: EOG

Europa Oil & Gas (Holdings): Award of Options

· Issued by Europa Oil & Gas (Holdings) plc via RNS

Summary by 6ix AI

Europa Oil & Gas (Holdings) plc, a UK, West Africa and Ireland focused oil and gas exploration, development and production company, granted 4,405,766 options over ordinary shares to Chief Executive Officer William Holland on October 26, 2026, under its 2024 Enterprise Management Incentives (EMI) Share Option Plan.

Key details

  • The options have an exercise price of £0.01675 (1.675 pence) per share.
  • William Holland already held 25,599,840 options, bringing his total to 30,005,606 options.
  • The options vest on October 26, 2029, the third anniversary of the grant date, subject to performance conditions. They expire 3 years after vesting or ten years after the grant date, whichever is sooner.
  • As of October 26, 2026, the company has a total of 60,125,606 options outstanding over ordinary shares.

What’s still pending

  • Vesting requires a commercially viable discovery within the EG-08 licence area, backed by an Independent Competent Person's Report (an independent expert assessment). It also requires a formal Declaration of Commerciality that a Relevant Authority has accepted.
  • Both the discovery evidence and the accepted Declaration of Commerciality must come within 4 years of the October 26, 2026 grant date.

6ix AI wrote this summary from the release below and checked it against the release.

Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas

Europa Oil & Gas (Holdings) plc

("Europa" or the "Company")

Award of Options

Europa Oil & Gas (Holdings) plc, the AIM quoted UK, West Africa and Ireland focused oil and gas exploration, development and production company, announces that on 26 October 2026 (the "Grant Date"), under the Company's 2024 Enterprise Management Incentives (EMI) Share Option Plan, a total of 4,405,766 options were granted over Ordinary Shares.

Grantee

Number of Options Granted

Exercise Price of Options Granted

Number of Options already held

Resultant total number of options held

William Holland

4,405,766

£0.01675

25,599,840

30,005,606

The options granted shall vest on the third anniversary of the Grant Date (the "Vesting Date"), subject to the satisfaction of the applicable performance conditions, expire 3 years from the performance Vesting Date or ten years from the Grant Date whichever is sooner, and are subject to a performance condition requiring a Commercially Viable Discovery to be made within the EG-08 licence area as evidenced by an Independent Competent Person's Report and a formal Declaration of Commerciality having been submitted to and accepted by a Relevant Authority, both within 4 years of the Grant Date.

Following the above-mentioned option award, as of 26 October 2026, the Company has a total of 60,125,606 options outstanding over Ordinary Shares.

* * ENDS * *

For further information, please visit www.europaoil.com or contact:

William Holland

Europa Oil & Gas (Holdings) plc

mail@europaoil.com

Toby Gibbs / George Payne

Shore Capital

(Nominated Adviser and Broker)

+44 (0) 20 7408 4090

Patrick d'Ancona / Safia Colebrook / George Pope

Vigo Consulting

+44 (0) 20 7390 0230



Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1

Details of the person discharging managerial responsibilities

a)

Name

William Holland    

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

EUROPA OIL & GAS (HOLDINGS) PLC

b)

LEI

213800JWTCW7TN3WRC06

4

Details 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 transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 1p each

GB00B03CJS30

b)

Nature of the transaction

Grant of Options under the Company's 2024 Enterprise Management Incentives (EMI) Share Option Plan

c)

Price(s) and volume(s)

Name

Price(s)

Volume(s)

William Holland

1.675 pence

(exercise price)

4,405,766

d)

Aggregated information

- Aggregated volume

- Price

-      4,405,766

-      N/A

e)

Date of the transaction

26/10/2026

f)

Place of the transaction

Outside a trading venue

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