Clontarf Energy plc has granted a total 160 million long-term incentive share options over 160m ordinary shares of 0.01p each to its directors and PDMR.
The options will vest in three months from the issue date, at an exercise price of 0.06p, and will expire on 26 September 2031.
Chairman David Horgan received 60m options; non-executive director Peter O’Toole and financial director and company secretary James Finn, 40m each; and financial controller Dipti Mehta, 20m.
Following the grant of options, a total 980.5m long-term incentive options are outstanding, representing approximately 11.97% of Clontarf’s issued share capital.