Jersey Oil & Gas plc (JOG) has granted options over a total 700,000 ordinary shares of 1p each to its recently appointed chief financial officer and chief commercial officer.
The options each have an exercise price of 147 pence representing the middle market closing price of an ordinary share on 19 November 2021.
CFO Graham Forbes and CCO Richard Smith each received 350,000 new options with an exercise price of seven years.
Following the grants, a total of 2,786,689 option awards are outstanding, representing approximately 8.6% of the existing issued share capital of 32,554,293 ordinary shares.