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.