Horizonte Minerals plc awarded more than 2,435,035 ordinary share options of £0.20p each to key employees and senior executives under its unapproved 2006 share options scheme.
DIRECTORS
Each option has an exercise price of £1.70 per ordinary share, representing a premium of 10.4% the closing price on 12 July 2023 of £1.54.
Chief executive officer Jeremy Martin received 423,529 options to vest in three tranches and now holds a total 5,449,779.
Chief financial officer Simon Retter received 330,882 on the same terms and now has 3,613,382 options.
Horizonte granted a further 1,680,624 ordinary share options to other members of the leadership team and of the Brazilian team.
The total number of options outstanding is 15,056,285 which represents 5.6% of the current issued share capital of 268,778,906 ordinary shares.