Block Energy plc has allotted 3,345,398 ordinary shares of 0.25p each to a former employee, following the exercise on 20 May 2025 of nil cost options.
The options were granted as part of the salary sacrifice scheme between April 2020 and April 2023.
Following admission, the company’s issued share capital will comprise 772,653,343 ordinary shares with one voting right each and none held in treasury.
Block holds oil and gas licences across a total 5,434.8 km2 in Georgia.