RE: re: LSE---RNS19 Jul 2019 16:30
19 July 2019
Union Jack Oil plc
(“Union Jack” or the “Company”)
Grant of Options
Union Jack Oil plc (AIM: UJO), a UK-focused onshore hydrocarbon production, development
and exploration company, announces the following grants of options:
• 120,000,000 Share Options to David Bramhill, Executive Chairman;
• 30,000,000 Share Options to Raymond Godson, Non-Executive Director;
• 80,000,000 Share Options to Graham Bull, Non-Executive Director, and
• 30,000,000 Share Options to Matthew Small, Company Secretary.
The Share Options have an exercise price of 0.265p, being the mid-market closing price on
18 July 2019.
The vesting date is 19 July 2022 and the exercise period expires on 19 July 2029.
The Share Options can only be exercised if the share price is at a 30% premium to the exercise price.