News Oil & Gas

United Oil & Gas grants share options to CFO

Posted on Author editorial Comments Off on United Oil & Gas grants share options to CFO

United Oil & Gas plc’s board of directors has awarded 6,862,005 share options to the company’s chief financial officer Peter Dunne.

CONTRACT

The shares have an exercise price of 2.47 pence, a vesting period of three years and an expiry date of ten years from the date of granting.

United said that the grant of the share options related to a contractual award at the start of Mr Dunne’s employment.

The company now has a total of 61,648,984 options in issue representing 9.56% of the current issued share capital of 644,803,969. 

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