Empyrean Energy (GB:EME) has released an update.
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Empyrean Energy PLC has issued over 14 million new Ordinary Shares to its top executives as part of a salary sacrifice arrangement, aimed at preserving the company’s capital and directing more funds towards project activities. The shares were issued based on the 5-day VWAP from April to July 2024, with Managing Director Tom Kelly, Technical Director Gaz Bisht, and Company Secretary Jonathan Whyte receiving significant portions, and now holding 9.52%, 4.36%, and 0.34% of the enlarged share capital, respectively. These shares are set to be admitted for trading on AIM on August 1, 2024.
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