Baron Oil (GB:SNDA) has released an update.
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Sunda Energy Plc has granted share options over 975 million ordinary shares to directors, senior management, employees, and a consultant at an exercise price of 0.0725 pence per share. This move, under both an approved and unapproved share option plan, increases the total outstanding option awards to approximately 9.14% of the company’s existing share capital. The grants aim to incentivize key personnel as the company focuses on its gas assets in Southeast Asia.
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