The latest announcement is out from Cadogan Petroleum ( (GB:CAD) ).
Cadogan Energy Solutions has issued 7,000,000 new ordinary shares to its CEO, Mr. Fady Khallouf, as part of a bonus related to a loan recovery. This move is structured to avoid immediate cash outflow for the company, with Mr. Khallouf covering the tax liability personally. The new shares are set to commence trading on the London Stock Exchange, impacting the company’s total voting rights, which may influence shareholder disclosures.
More about Cadogan Petroleum
Cadogan Energy Solutions is an independent energy company operating an exploration and production license in Western Ukraine. It engages in gas trading operations and provides services to E&P companies. Currently, Cadogan is developing power generation projects in Western Ukraine, aiming to offer diversified energy solutions with a lower environmental impact.
YTD Price Performance: 7.06%
Average Trading Volume: 678,315
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £11.11M
See more data about CAD stock on TipRanks’ Stock Analysis page.