Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) introduced a new employee stock ownership plan (ESOP) aimed at strengthening the alignment of employee incentives with shareholder interests.
The revised ESOP replaces a previous plan and comprises a Share Award Scheme for all employees and a Long-Term Incentive Plan (LTIP) for senior executives – with employees receiving restricted stock units (RSUs), vesting over a period of three years.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has signed a gas supply agreement with a major LNG facility located on the Gulf Coast.
Under the terms of the agreement, Diversified will deliver approximately 40 billion cubic feet (Bcf) of natural gas over the next three years, starting in November.