Award of Options
4.4 million EMI share options granted to CEO William Holland at 1.675p exercise price.
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Europa Oil & Gas (Holdings) plc, the AIM quoted UK, West Africa and Ireland focused oil and gas exploration, development and production company, announces that on 26 October 2026 (the "Grant Date"), under the Company's 2024 Enterprise Management Incentives (EMI) Share Option Plan, a total of 4,405,766 options were granted over Ordinary Shares.
| Grantee | Number of Options Granted | Exercise Price of Options Granted | Number of Options already held | Resultant total number of options held |
|---|---|---|---|---|
| William Holland | 4,405,766 | £0.01675 | 25,599,840 | 30,005,606 |
The options granted shall vest on the third anniversary of the Grant Date (the "Vesting Date"), subject to the satisfaction of the applicable performance conditions, expire 3 years from the performance Vesting Date or ten years from the Grant Date whichever is sooner, and are subject to a performance condition requiring a Commercially Viable Discovery to be made within the EG-08 licence area as evidenced by an Independent Competent Person's Report and a formal Declaration of Commerciality having been submitted to and accepted by a Relevant Authority, both within 4 years of the Grant Date.
Following the above-mentioned option award, as of 26 October 2026, the Company has a total of 60,125,606 options outstanding over Ordinary Shares.
* * ENDS * *
| 1 | Details of the person discharging managerial responsibilities | |
| a) | Name | William Holland |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | EUROPA OIL & GAS (HOLDINGS) PLC |
| b) | LEI | 213800JWTCW7TN3WRC06 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 1p each GB00B03CJS30 |
| b) | Nature of the transaction | Grant of Options under the Company's 2024 Enterprise Management Incentives (EMI) Share Option Plan |
| c) | Price(s) and volume(s) | Name Price(s) Volume(s) William Holland 1.675 pence (exercise price) 4,405,766 |
| d) | Aggregated information - Aggregated volume - Price | - 4,405,766 - N/A |
| e) | Date of the transaction | 26/10/2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.