Kistos Holdings plc has issued in total 1,776,923 share options to certain directors and also adopted its share incentive plan for qualifying employees and subsidiaries.
DIRECTORS
The issued options over ordinary shares of £0.01 each in the company, under the 2021 equity incentive plan, have an exercise price of £1.30 per ordinary share.
The EIP is available to all employees, with options vesting in three equal annual instalments beginning on the first anniversary of the date of grant, subject to continued employment.
No other performance conditions apply.
Executive chairman Andrew Austin received options for 676,923 shares, chief executive officer Peter Munn 592,308, and chief financial officer Richard Slape 507,692.
The SIP allows qualifying employees to acquire ordinary shares using deductions from their salary each month and receive two ordinary shares for every one partnership share acquired.
Any one employee can make a maximum investment of £1,800 per year.