Corcel plc has awarded 3,506,490 ordinary shares of £0.0001 each in the company under its share incentive plan (SIP) to chief executive officer Scott Kaintz.
The company said that the awards were for the 2022-23 tax year as agreed in the trustees meeting held on 5 April 2023.
Also in respect of the same tax year, Mr Kaintz has purchased 2,571,426 new ordinary shares under the SIP, each at an aggregated price of £0.0035.
He now holds 8.5m shares, of which 4.9m are held on his behalf by Corcel’s SIP trustees, representing 0.7% of the issued share capital with 9.5m options.
Following admission, the company’s total issued share capital will consist of 1,223,598,121 ordinary shares, each with one voting right. Corcel holds no shares in treasury.