Helium One Global Ltd has resolved to issue a total 33,750,000 options to directors and management to subscribe for ordinary shares.
DIRECTORS
The options are subject to shareholder approval granting the directors authority to issue shares for cash.
The options will vest in three equal tranches over three years beginning 12 months from the date of grant and are exercisable at 6.6p per share.
Non-executive chairman James Smith will receive two million options; chief executive officer Lorna Blaisse (8m); finance director Graham Jacobs (8m); chief financial officer Chris Eyre (5m); senior independent non-executive director (NED) Sarah Cope (2m); and NEDs Nigel Friend and Russel Swarts (each 2m).