Issue of Options and Capital Structure Update
Options granted to CEO Andrew Carroll with exercise price of 0.077p, exercisable for 3 years.
- Shares in issue 19,537,077,218
- Options granted to Andrew Carroll 194,942,200
- Exercise price 0.077p
- Shares acquired by Andrew Carroll on 5 December 2024 21,428,572
- Andrew Carroll shareholding 0.87%
- Total warrants/options outstanding 1,141,243,951
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Issue of Options
Capital Structure Update
Mosman Oil and Gas Limited (AIM: MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, announces the grant of options to Mr Andrew Carroll as approved at the recent AGM and announced, alongside the exercise price of 0.077p on 29 November 2024 and provides an updated summary of its capital structure.
Capital Structure Update
Shares
Number of Shares in issue: 19,537,077,218 (as at 10 December 2024)
Percentage of Shares not in public hands: 1.19%
Number of Shares not in public hands: 232,967,767
Director Shareholding
| Name of Director | No. of Ordinary Shares | % of Ordinary Share Capital | No. of Warrants/Options | |
|---|---|---|---|---|
| Andrew Carroll | 169,296,432 | 0.87% | 237,047,463 | |
| Nigel Harvey | 63,671,335 | 0.32% | 21,052,632 | |
| Carl Dumbrell | - | - | - | |
| Table of Director share acquisitions in 2024 | ||||
| Name of Director | 31 December 2023 Balance | Shares Acquired 13 February 2024 | Shares Acquired 5 December 2024 1 | 10 December 2024 Balance |
| Andrew Carroll | 63,657,334 | 84,210,526 | 21,428,572 | 169,296,432 |
| Nigel Harvey | 137,500 | 42,105,263 | 21,428,572 | 63,671,335 |
- Pursuant to the passing of Resolutions 2 and 3 at the Company Annual General Meeting held on 29 November 2024, 21,428,572 shares were issued to Mr Carroll and 21,428,572 shares were issued to Mr Harvey on 5 December 2024.
Grant of Options
Pursuant to the passing of Resolution 4 at the Company Annual General Meeting held on 29 November 2024, a total of 194,942,200 options with an exercise price of 0.077p, exercisable for 3 years have been granted to Mr Andrew Carroll. Mr Carroll now holds a total of 237,047,463 warrants/options in the Company. The exercise price of the options was calculated and announced previously and was based on a premium to the average 5 day VWAP share price ahead of the AGM.
Total Warrants/Options over shares in the Company outstanding as at 10 December 2024
| Number of Warrants/Options | Exercisable at | Expiry Date | ||||
|---|---|---|---|---|---|---|
| 428,571,428 | 0.07p | 20 July 2025 | ||||
| 80,000,000 | 0.025p | 5 December 2025 | ||||
| 120,000,000 | 0.025p | 8 February 2026 | ||||
| 63,157,895 | 0.025p | 13 February 2026 | ||||
| 254,571,428 | 0.035p | 19 September 2026 | ||||
| 194,942,200 | 0.077p | 10 December 2027 | ||||
| a) | Name | Andy Carroll | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status | CEO | ||||
| b) | Initial notification/ amendment | Initial notification | ||||
| a) | Full name of the entity | Mosman Oil and Gas Limited | ||||
| b) | Legal Entity Identifier code | 213800PWZID9URNNGZ54 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of Mosman Oil and Gas Limited AU0000XINET1 | ||||
| b) | Nature of the transaction | Issue of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4c) above | ||||
| e) | Date of the transaction | 10 December 2024 | ||||
| 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.