Tower Resources ( (GB:TRP) ) has issued an announcement.
Tower Resources has announced the issuance of 1.54 billion Restricted Shares to directors, employees, and consultants as part of its Long Term Incentive Plan. This move aims to better align employee interests with shareholders and enhance retention by offering shares that vest after three years, rather than annual share options. The company maintains its policy of limiting long-term incentive awards to 10% of its enlarged share capital, ensuring a balanced approach to equity distribution.
More about Tower Resources
Tower Resources plc is an AIM-listed energy company focused on developing a balanced portfolio of energy opportunities in Africa, particularly in the oil and gas sector. The company is currently concentrating on its operations in Cameroon to generate cash flow through short-cycle development and rapid production, while also exploring opportunities in Namibia and South Africa through the acquisition of 3D seismic data.
YTD Price Performance: -35.00%
Average Trading Volume: 597,108,284
Technical Sentiment Signal: Strong Buy
Current Market Cap: £6.89M
For an in-depth examination of TRP stock, go to TipRanks’ Stock Analysis page.