Last checked at 7 Nov 2022 13:42
7 November 2022
Mosman Oil and Gas Limited
("Mosman" or the "Company")
Notice of Annual General Meeting
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, confirms that the Notice of Annual General Meeting has been sent to shareholders today.
The Annual General Meeting will be held at 10.00am (AEDT) on 29 November 2022 at 24-26 Kent Street, Millers Point NSW 2000 Australia.
The Notice of Meeting includes Resolution 2, the election of Nigel Harvey as a nominated director of the Company. Nigel is an experienced company director, currently on the board of Emperor Energy (ASX:EMP). He also holds a wholesale Australian Financial Services Licence ("AFSL"). Nigel has a consulting practice focused on AFSL compliance. He began his career as a business and finance journalist in London and the Middle East. He was subsequently an investment banker in Sydney for several decades predominantly covering the Asia Pacific region for energy derivatives and hedging. He held roles with large banks including JP Morgan, Barclays and Macquarie.
Upon shareholder approval Mr. Harvey is expected to be an independent non-executive director of the Company.
The Notice also includes Resolutions 3 to 7 which relate to the Issue of Options to John W Barr - Chairman, Andy Carroll - Technical Director, John Young - Non Executive Director, Nigel Harvey (on the basis of the approval of Resolution 2) and Key Staff and consultants under the Employee Share Option Plan.
A summary of the proposed option issues are set out below.
Resolution | Director | Number of Options | Expiry Date |
3 | Mr John W Barr | 35,000,000 | 29 November 2027 |
4 | Mr Andrew R Carroll | 35,000,000 | 29 November 2027 |
5 | Mr John A Young | 10,000,000 | 29 November 2027 |
6 | Mr Nigel Harvey | 5,000,000 | 29 November 2027 |
7 | Key Staff and Consultants | 20,000,000 | 5 years from date of issue |
Headline Option terms
Entitlement
Each Option entitles the holder to be issued and allotted one fully paid ordinary share in the Company upon exercise of that Option and payment to the Company of the exercise price. The fully paid ordinary share will rank equally with, and have the same rights and entitlements as, other ordinary shares in the Company on issue at the date of allotment of the Option.
Exercise price
AUD $0.0027 per Option
Exercise period
Each Option will expire five (5) Years from the date of issue
Expiration date
Five (5) Years from the date of issue
The Explanatory Memorandum and Proxy Forms are available on the Company's website: www.mosmanoilandgas.com.
AIM Disclosures
Mr Nigel Howard Harvey, aged 66, currently holds or has held the following directorships and partnerships in the last five years:
Current directorships | Previous directorships in the last 5 years |
Emperor Energy Ltd |
N/A |
Charterprime Pty Ltd | |
Charter Group Holdings Pty Ltd | |
FX Prop Pty Ltd | |
Market Praxis Pty Ltd | |
NHH Investments Pty Ltd | |
H&M Investments Pty Ltd | |
Black & Grey Holdings Pty Ltd | |
Independent Community Living Australia Ltd | |
Wavery Action Group |
Mr Harvey currently holds no ordinary shares or options in the Company.
Other than as provided in this announcement, no other disclosures in relation to Mr Harvey are required under Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.
Enquiries:
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director jwbarr@mosmanoilandgas.com acarroll@mosmanoilandgas.com
| NOMAD and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470
|
Alma PR Justine James +44 (0) 20 3405 0205 +44 (0) 7525 324431 mosman@almapr.co.uk | Joint Broker Monecor (London) Ltd trading as OvalX Thomas Smith 020 7392 1432 |
Updates on the Company's activities are regularly posted on its website: www.mosmanoilandgas.com
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Notes to editors
Mosman (AIM: MSMN) is an oil exploration, development, and production company with projects in the US and Australia. Mosman's strategic objectives remain consistent: to identify opportunities which will provide operating cash flow and have development upside, in conjunction with progressing exploration of existing exploration permits. The Company has several projects in the US. In addition to exploration projects in the Amadeus Basin in Central Australia.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||
a) | Name | 1) John W Barr 2) Andy R Carroll 3) John A Young | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | 1) Executive Chairman 2) Technical Director 3) Non-executive Director | ||||||||||||
b) | Initial notification/ Amendment | Initial Notification | ||||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | Mosman Oil and Gas Limited | ||||||||||||
b) | LEI | 213800PWZID9URNNGZ54 | ||||||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of Mosman Oil and Gas Limited
AU0000XINET1
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b) | Nature of the transaction | Grant of options | ||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 7 November 2022 | ||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||