Sintana Energy Announces New RSU Grants and Share Issuance

Sintana Energy Inc. has approved the grant of 7,250,000 restricted share units (RSUs) to various directors and service providers. This move comes as directors convert any available RSUs into equity and stock options.

Additionally, the company reports the exercise of stock options for 400,000 shares and is issuing 2,600,000 common shares due to RSU conversion. Key figures include Non-Executive Chairman Keith Spickelmier, who converted 800,000 RSUs and exercised 300,000 options, now holding 6,552,500 shares or 1.3% of the company. Douglas Manner, another director, converted 600,000 RSUs, resulting in 5,595,558 shares, or 1.1% ownership.

The new common shares will be admitted for trading on AIM on January 7, 2025, elevating Sintana's total share capital to 513,356,240 shares.