TomCo Announces Grant of Share Options

Source: www.gulfoilandgas.com 6/23/2021, Location: North America

TomCo Energy plc, the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, announces that on 22 June 2021, the Company granted options ("Options") over, in aggregate, 90,500,000 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") pursuant to the Company's EMI option scheme and its unapproved option scheme.

All of the Options are exercisable at 0.54 pence each, being the closing mid-market price of an Ordinary Share on 22 June 2021, at any time from six months from the date of grant to the tenth anniversary of the date of grant.

85,500,000 Options were granted to the Company's Directors as detailed below:
In addition, a further 5,000,000 Options were granted to an employee of the Company.

Following the above grant of Options, the total number of options outstanding over unissued Ordinary Shares is 107,865,078, representing approximately 7.43 per cent. of the Company's issued share capital.


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