Europa Oil & Gas (Holdings) plc has awarded 5,599,840 options over ordinary shares of one pence each to chief executive William Holland, under its 2024 enterprise management incentive scheme.
The award increases Mr Holland’s total number of options held to 25,599,840.
The new options, each with an exercise price of £0.01, vest on the third anniversary of the grant date, expire 10 years from the grant date, and are subject to Europa’s share price.
Following the award, the company has 56,439,840 options outstanding over ordinary shares.