Eco Atlantic Enhances Incentive Plan with RSUs and Stock Options

An announcement from Eco Atlantic Oil & Gas ( (TSE:EOG) ) is now available.

Eco Atlantic Oil & Gas Ltd. announced the issuance of 3,700,000 Restricted Share Units (RSUs) and stock options to certain directors, officers, and consultants as part of its Omnibus Incentive Plan. The plan allows the issuance of up to 10% of the company’s share capital to incentivize key personnel, replacing previous plans and adjusting definitions to comply with exchange policies. This strategic move is expected to enhance the company’s operational focus and align management interests with stakeholders, potentially impacting its market positioning.

More about Eco Atlantic Oil & Gas

Eco Atlantic Oil & Gas Ltd. is a TSX-V and AIM-quoted company focused on oil and gas exploration in the offshore Atlantic Margins, with interests in Guyana, Namibia, and South Africa. The company aims to deliver value through exploring low carbon intensity oil and gas in stable emerging markets near infrastructure.

YTD Price Performance: 11.63%

Average Trading Volume: 714,433

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £43.09M

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