Power Metal Resources plc has granted options over 6.4 million new ordinary shares of 2 pence each in the company to certain directors and staff members.
DIRECTORS
The options, to subscribe for new ordinary shares at an exercise price of £0.20 each, include 3.75m for board directors and officers.
Chief executive Sean Wade received 1,350,000 options; non-executive chairman Scott Richardson Brown 850,000; non-executive director Edmund Shaw 700,000; and chief operating officer Jamie Tosh 850,000, all with an expiry date of November 2027.
As of 14 November, Messrs Wade, Brown, Shaw and Tosh already held a total 2,525,000 share options while NED William Brodie Good had 500,000.
Power Metal additionally created a new pool of 2.65m options for its employees, adding to the 2m awards previously granted.