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United Oil & Gas Plc ( (GB:UOG) ) has issued an announcement.
United Oil & Gas Plc has announced an update to its unapproved share option scheme, intending to award up to 332,361,111 performance-related share options. These options are designed to align management and contributors with shareholder interests, as they can only be exercised if the company’s share price reaches a 300% premium over the July 2025 placing price. The updated scheme broadens eligibility to include contractors and consultants and adjusts the vesting period to one year, aiming to incentivize and retain key contributors while ensuring substantial value creation for shareholders.
More about United Oil & Gas Plc
United Oil & Gas 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 with a strong track record of growing full-cycle businesses, partnered with established industry players, and is well-positioned to deliver future growth through portfolio optimization and targeted acquisitions. United Oil & Gas is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 21,975,783
Technical Sentiment Signal: Sell
Current Market Cap: £3.64M
For detailed information about UOG stock, go to TipRanks’ Stock Analysis page.