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United Oil & Gas Plc ( (GB:UOG) ) just unveiled an announcement.
United Oil & Gas Plc has awarded 332,361,111 share options under its updated unapproved share option scheme. This move, which includes significant allocations to key executives, aims to align management incentives with shareholder value creation by tying the vesting of options to a substantial increase in the company’s share price. The issuance of these options represents approximately 9.19% of the company’s current issued share capital, with the exercise price set at £0.0018 per share. The awards are considered fair and reasonable by the company’s independent directors.
More about United Oil & Gas Plc
United Oil & Gas Plc is an oil and gas company with a development asset in the UK and a high-impact exploration license in Jamaica. The company is led by an experienced management team and is listed on the AIM market of the London Stock Exchange. United Oil & Gas focuses on portfolio optimization and targeted acquisitions to drive future growth.
Average Trading Volume: 51,968,444
Technical Sentiment Signal: Sell
Current Market Cap: £5.49M
See more insights into UOG stock on TipRanks’ Stock Analysis page.