Notice of AGM

RNS Number : 5571F

Mosman Oil and Gas Limited

07 November 2022

 

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 [e-mail] [e-mail]	NOMAD and Joint Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl [phone]
Alma PR Justine James [phone] [phone] [e-mail]	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

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
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price Volume 1) AUD $0.0027 35,000,000 2) AUD $0.0027 35,000,000 3) AUD $0.0027 10,000,000
d)	Aggregated information - Aggregated volume - Price	Price Volume 1) AUD $0.0027 35,000,000 2) AUD $0.0027 35,000,000 3) AUD $0.0027 10,000,000
e)	Date of the transaction	7 November 2022
f)	Place of the transaction	Outside a trading venue

 

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