Critical Mineral Resources plc has issued 7,345,350 ordinary shares of 1 pence each under the board-approved equity incentive scheme.
DIRECTORS
The shares, released in three tranches, are subject to the company’s share price rising every 12 months to 2.5p, 3.5p and 5p or higher until after 36 months.
Following admission, the company’s enlarged issued share capital will comprise 80,798,859 shares.
CMR holds 2,666,666 ordinary shares in treasury with no voting rights attached, resulting in total voting rights of 78,132,193.
Directors taking part in the scheme include chief executive officer Charlie Long for 2,203,605 shares equal to 2.73% of the issued share capital and 2.82% TVR.
Executive chairman Dominic Traynor received 2,203,605 shares, to hold 2,853,605 equal to 3.53% and 3.65% TVR.
Chief operating officer Noureddine Sabraoui was issued with 2,203,605 shares, equal to 2.73% and 2.82% TVR.
Non-executive director Russell Thomson received 734,535 shares, taking his total holding to 6,734,535, equal to 8.33% with 8.62% TVR.