Angus Energy plc will grant 103 million share options under the company’s existing employee incentive schemes to directors and other members of staff.
The grant, representing 2.87% of the company’s issued share capital, was proposed by the remuneration committee and approved by the board as part of the company’s annual share option grants.
The most recent grant of share options was on 24 October 2022.
The conditional share options have a 10-year term and an exercise price of 1.8 pence per share.
DIRECTOR
Chief executive officer Richard Herbert received 70,000,000 share options and other employees received 33,000,000.
Following the grant of the share options, the total share options outstanding will be 345,100,892 representing approximately 9.61% of the 3,590,393,701 ordinary shares in issue.