Prospex Oil and Gas (GB:PXEN) has released an update.
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Prospex Energy PLC, an AIM-listed company specializing in European energy projects, has granted 4.4 million share options to its directors and management, representing 1.09% of the issued share capital as of 2nd October 2024. The options are exercisable at a 9.4% premium over the closing share price on the date prior to the grant and can be exercised within a five-year period. Additionally, Prospex has extended the expiry date of previously awarded options to align with the five-year term of newer grants.
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