LONDON - Mosman Oil and Gas Limited (AIM: MSMN), an exploration, development, and production company specializing in helium, hydrogen, and hydrocarbon, has disclosed the issuance of options to director Mr. Andrew Carroll following the approval at its recent AGM on November 29, 2024. Additionally, the company has provided an update on its capital structure as of today.
The company has reported that the total number of shares in issue is 19,537,077,218, with 1.19% of these not held in public hands, equating to 232,967,767 shares. Director shareholdings have been updated, with Mr. Carroll holding 169,296,432 shares, representing 0.87% of the ordinary share capital, and Mr. Nigel Harvey holding 63,671,335 shares, or 0.32%.
In terms of options, Mr. Carroll has been granted a total of 194,942,200 options exercisable at 0.077p for three years, bringing his total warrants/options in the company to 237,047,463. The exercise price of these options was determined based on a premium to the average 5-day VWAP share price before the AGM.
The company's statement outlines the total warrants/options over shares outstanding as of today, with various exercise prices and expiry dates ranging from 20 July 2025 to 10 December 2027.
This update follows the issuance of shares to Mr. Carroll and Mr. Harvey on December 5, 2024, as a result of the passing of Resolutions 2 and 3 at the AGM.
The information provided is based on a press release statement from Mosman Oil and Gas Limited and offers a current snapshot of the company's capital structure and the recent issue of options to a key director, without any endorsement of claims or promotional language.
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