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Meren Energy ( (TSE:MER) ) just unveiled an announcement.
Meren Energy Inc. has updated its share capital and voting rights following the issuance of 183,600 common shares upon the exercise of share options, bringing the total number of issued and outstanding common shares with voting rights to 675,909,193 as of December 31, 2025. The change modestly increases the company’s equity base and reflects ongoing use of equity-based compensation, a standard practice in the sector that can lead to minor dilution for existing shareholders while aligning management and employee incentives with long-term company performance.
More about Meren Energy
Meren Energy Inc. is a full-cycle independent upstream oil and gas company with offshore interests in Nigeria, Namibia, South Africa and Equatorial Guinea. Its core portfolio comprises producing and development assets in deepwater Nigeria operated by major oil companies, alongside a leading exploratory and development position in the Orange Basin, including an effective stake in the Venus light oil project offshore Namibia and a direct interest in Block 3B/4B offshore South Africa.
For detailed information about MER stock, go to TipRanks’ Stock Analysis page.