Mosman Oil and Gas Limited the helium, hydrogen and hydrocarbon exploration, development and production company, announces that the 2024 AGM was held in Sydney earlier today.
The Board is pleased to announce that all Resolutions were passed by way of a show of hands with overwhelming support via proxy.
With regards to Resolution 1, the Company provides notice this day that Mr Andrew Carroll was re-elected to the Board.
With regards to Resolutions 2 and 3, the Company provides notice this day that in accordance with the previously announced Director Subscription the Company will issue 21,428,572 Shares at 0.035p per share to Executive Director and CEO Andrew Carroll, and 21,428,572 Shares at 0.035p per share to Non-Executive Chairman Nigel Harvey. Following the issue of the shares, Mr Carroll will hold 169,296,432 shares and 42,105,263 warrants, and Mr Harvey will hold 63,671,335 shares and 21,052,632 warrants.
With regards to Resolutions 4 and 5, the Company will provide further information as and when Mr Andrew Carroll's Options are issued. The exercise price for the options will be 0.077p.
Admission to AIM and Total Voting Rights
Application has been made to the London Stock Exchange for the Director Subscription shares, which will rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM and dealings are expected to commence at 8:00 a.m. on or about 5 December 2024.
Following the issue of the Director Subscription shares, the Company's share and total voting rights will comprise 19,537,077,218 Ordinary Shares of no par value and the Company does not hold any shares in treasury.
Consequently, the above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company in accordance with the Companies' Articles.
